1. (accounting) reduction in the book value of an asset; [syn: write-off, write-down]
2. the act of cancelling from an account a bad debt or a worthless asset;
WordNet (r) 3.0 (2006):
write-off
n 1: (accounting) reduction in the book value of an asset [syn:
write-off, write-down]
2: the act of cancelling from an account a bad debt or a
worthless asset