The meaning of Write off

idiom

Reduce the estimated value of something

phrasal verb

Dismiss someone or something as insignificant.

Usage examples:

They were written off as a bunch of no-hopers

phrasal verb

Cancel the record of a bad debt; acknowledge the loss of or failure to recover an asset.

Usage examples:

He urged the banks to write off debt owed by poorer countries

phrasal verb

To accept that a debt will not be paid or that money has been lost

Usage examples:

Last year the bank wrote off $17 million in bad debts., when he lost the election for governor, som…

phrasal verb

To accept that an amount of money has been lost, for example, from a bad investment or a debt that will never be paid, and show it as a loss in a company's accounts

Usage examples:

Banks accept that some of their bad debts will eventually have to be written off., the car was comp…