writeoff
Cancelled bad debt
A writeoff is something dismissed as a loss or failure.
In accounting, it's a reduction of an asset's book value to zero, typically for bad debts or worthless inventory: The company took a $2 million writeoff on the failed project.
More broadly, anything judged hopeless or not worth further effort: Critics treated the film as a writeoff before it even opened.
Also spelled write-off.
Complete sum
- damagedMade worse by injury
- totaledDestroyed or summed
- irreparableCannot be fixed
- unsalvageableImpossible to recover
destroyed · wrecked · insurance · claim · replacement · accident · collision · comprehensive
Impossible to claim payment
- defaultPreset standard option
- nonpaymentFailure to settle debts
- receivableAwaiting payment
- delinquencyCriminal or neglectful behavior
recovery · collection · creditor · debtor · outstanding · arrears · forgiveness · settlement
Conclusion from premises
- expenseMoney paid out
- depreciationAsset value reduction over time
- amortizationGradual debt reduction schedule
- assetItem of value owned
impairment · balance · bookkeeping · ledger · capital · liability · salvage · residual
total
Complete sum
- damagedMade worse by injury
- totaledDestroyed or summed
- irreparableCannot be fixed
unsalvageable · destroyed · wrecked · insurance · claim · replacement · accident · collision · comprehensive · adjuster
uncollectible
Impossible to claim payment
- defaultPreset standard option
- nonpaymentFailure to settle debts
- receivableAwaiting payment
delinquency · recovery · collection · creditor · debtor · outstanding · arrears · forgiveness · settlement · charge-off
deduction
Conclusion from premises
- expenseMoney paid out
- depreciationAsset value reduction over time
- amortizationGradual debt reduction schedule
asset · impairment · balance · bookkeeping · ledger · capital · liability · salvage · residual · obsolescence
deduction
Conclusion from premises
- exemptionRelease from requirement
- charitableGiving to those needing
- contributionSomething given to help
IRS · audit · expenses · mortgage · interest · income · loophole · shelter · revenue · filing
discount
Reduced price offered
reject · minimize · downplay · trivialize · scoff · deride · belittle · disparage · discredit · underestimate
- transactionspayment, purchase, deposit, transfer, money transfer
- lossmakersmoney pit, failed startup, bad bet, loser, bust
- waste disposalgarbage disposal, trash, garbage, landfilling, landfill
- informal creditIOU, tab, marker, chit, bar tab
writeoffrecovery
Regaining what was lost
collection · repayment · reimbursement · recoupment · payoff