write off debts


write off debts
erase outstanding balances

English contemporary dictionary. 2014.

Look at other dictionaries:

  • write off — phrasal verb Word forms write off : present tense I/you/we/they write off he/she/it writes off present participle writing off past tense wrote off past participle written off 1) a) [transitive] to say officially that someone does not have to pay… …   English dictionary

  • write off — 1) PHRASAL VERB If you write off to a company or organization, you send them a letter, usually asking for something. [V P to n] He wrote off to the New Zealand Government for these pamphlets about life in New Zealand. [Also V P] Syn: write 2)… …   English dictionary

  • write off — /ˌraɪt ɒf/ verb to cancel a debt, or to remove an asset from the accounts as having no value ● We had to write off £20,000 in bad debts. ♦ two cars were written off after the accident the insurance company considered that both cars were a total… …   Dictionary of banking and finance

  • write-off — The elimination of a *balance sheet item by direct transfer to an *income statement. For example, an irrecoverable *accounts receivable balance from a *bankrupt customer is normally eliminated by writing off the item to expenses. (In contrast,… …   Auditor's dictionary

  • direct write-off method — In the USA, the procedure of writing off bad debts as they occur instead of creating a provision for them. Although this practice is unacceptable for financial reporting purposes, it is the only method allowed for tax purposes …   Accounting dictionary

  • direct write-off method — In the USA, the procedure of writing off bad debts as they occur instead of creating a provision for them. Although this practice is unacceptable for financial reporting purposes, it is the only method allowed for tax purposes …   Big dictionary of business and management

  • write — W1S1 [raıt] v past tense wrote [rəut US rout] past participle written [ˈrıtn] ▬▬▬▬▬▬▬ 1¦(book/article/poem etc)¦ 2¦(letter)¦ 3¦(form words)¦ 4¦(state something)¦ 5¦(music/song)¦ 6¦(computer program)¦ 7¦(a computer records something)¦ …   Dictionary of contemporary English

  • write — [ raıt ] (past tense wrote [ rout ] ; past participle writ|ten [ rıtn ] ) verb *** ▸ 1 create story/letter etc. ▸ 2 make words etc. with pen ▸ 3 create formal document ▸ 4 in computing ▸ 5 spell a word ▸ 6 when pen works ▸ + PHRASES 1. )… …   Usage of the words and phrases in modern English

  • ˌwrite sth ˈoff — phrasal verb to accept that you will not receive money that someone owes you The US government agreed to write off debts of $170 billion.[/ex] …   Dictionary for writing and speaking English

  • write — [rīt] vt. wrote, written, writing [ME writen < OE writan, to scratch, engrave, write, akin to Ger reissen, to tear < IE base * wer , to tear off, scratch > Gr rhinē, a rasp] 1. a) to form or inscribe (words, letters, symbols, etc.) on a… …   English World dictionary


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