9 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 car insurance company marked the vehicle as a write-off after the severe accident.
The student was relieved when the professor approved a write-off for the missed exam due to a family emergency.
The charity organization acknowledged a write-off for the uncollectible pledges from the past fundraising campaign.
The airline had to make a significant write-off for the grounded fleet during the pandemic.