8 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 art gallery faced a dilemma when they had to decide whether to write-off damaged paintings.
The software company had to undergo a write-off for the outdated software licenses.
The government agency decided to implement a write-off for the abandoned properties.