write-offˈwrite-off (also writeoff) noun1[countableC, uncountableU] an official agreement stating that someone does not have to pay a debtThe 20% write-off of Argentinian debt had been expected.
2[countableC, uncountableU]ACCOUNTING when all or part of the value of an asset as shown in a company’s accounts is reduceda write-off of obsolete or redundant stock
3[countableC] British EnglishBrEINSURANCE a vehicle that an insurance company decides has been so badly damaged that it is not worth repairing