Advanced as in price support An accounting term referring to the act of canceling the recorded value of an asset, typically due to it being considered of little or no value. Clear All
3 Example Sentences Showcasing the Meaning of 'Write-off'
The charity organization decided to recognize the uncollectible donations as a write-off in their annual report.
The art gallery faced a dilemma when they had to decide whether to write-off damaged paintings.
The government agency decided to implement a write-off for the abandoned properties.
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