Advanced as in price support A term used to describe the process of officially acknowledging a financial loss, typically related to a bad debt. Clear All
4 Example Sentences Showcasing the Meaning of 'Write-off'
The accountant explained the write-off process to the new employees, emphasizing its impact on financial statements.
The government announced a tax write-off for businesses contributing to environmental conservation projects.
Due to unforeseen circumstances, the management had no choice but to approve a write-off for the failed project expenses.
The charity organization decided to recognize the uncollectible donations as a write-off in their annual report.
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