verb to cancel or disregard something as unimportant or not worth pursuing
In finance, 'write off' can refer to the cancellation of a bad debt or an uncollectible account, which can impact a company's financial statements.
In a business context, 'write off' can refer to acknowledging a loss or expense on the company's financial records, impacting profitability.
In insurance, 'write off' can refer to declaring a damaged or stolen asset as a total loss, leading to a claim payout.
In accounting, 'write off' refers to the process of removing an asset or liability from the balance sheet, typically due to it being deemed uncollectible or no longer of value.
In taxation, 'write off' can refer to deducting certain expenses or losses from taxable income, reducing the amount of tax owed.
In the context of a writer, 'write off' can refer to dismissing or ignoring a particular idea, character, or plot point in a story. It can also refer to deducting expenses related to writing, such as supplies or research materials, as a tax write-off.
For a psychologist, 'write off' can refer to the process of mentally or emotionally disregarding a particular issue or concern in therapy. It can also refer to the cognitive process of dismissing irrelevant information or thoughts during a session.