10 Example Sentences Showcasing the Meaning of 'Write-off'
After the customer declared bankruptcy, the bank had to initiate a write-off for the outstanding loan.
The accountant explained the write-off process to the new employees, emphasizing its impact on financial statements.
Despite efforts to recover the funds, the business had no choice but to declare a significant write-off on the investment.
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 company decided to make a substantial write-off for the charitable contributions it made last year.
The museum curator proposed a write-off for the valuable artifacts donated by generous patrons, enhancing the cultural collection.
As part of the budget reconciliation, the government considered a write-off for investments in renewable energy projects.
The environmental organization celebrated the write-off for conservation efforts that positively impacted endangered species.
The farmer was pleasantly surprised by the tax write-off granted for the donation of excess crops to local food banks.