Write-off
write-off (noun, verb) - acknowledgment of a loss, the decision by a company that they will never recover what they spent on something (an investment, a loan) so they take the whole loss now, rather than painfully taking it over a long period in the future, this allows them eventually to start over again
loan write-offs
loan write-offs grow
radical reshaping of the group's operations led to write-offs last year
don't write him off yet
an exceptional item of 11.7 million baht covering write-offs
profit would have been higher but for increased write-offs
write off debt
see their profits diminished by massive reserves and write-offs as prices then plunged
a provision against a possible loss versus a complete write-off of a loss
pump in money or write it off
eliminate regulatory and tax obstacles to debt write-offs in creditor countries, particularly the United States
did not get the 80 per cent write-offs that it had asked for
oil exploration write-offs
asset write-offs
asset write-offs as a result of the plant closures
revealed losses after making massive property write-offs
astonishment at the size and timing of the exceptional write-offs
struggled to repair the bank's balance sheet to allow it to take the inevitable write-offs
accounting policies for write-offs
the cost of bad debt write-offs
take a massive write-off
got next to nothing for it and had to take a massive write-off
a vehicle that is a write-off
the whole morning was a write-off
the day was already a write-off
the poor bastard is a write-off.
an operation like this must be a write-off
the wiring was a complete write-off
last week's rehearsal has been a virtual write-off
a complete write-off
today threatened to be a write-off as far as work was concerned
a tax write-off
an exceptional write-off
Example sentences:
* Workwise, the day was already a write-off and in any case she was eager to know what the girl had to say.
* Everything up there's a complete write-off, and most of the first floor's in pretty bad shape.
* Today threatened to be a write-off as far as work was concerned, but perhaps she could recoup some of the lost time later on.
* An operation like this must be a write-off, the odds against it were too great to make it worth pursuing.
* It's probably a write-off.
* Their profits are weakening thanks to tougher competition, loan write-offs and a rising cost of funds.
* Mr Roller said Dresdner's operating profit would have been higher but for increased write-offs in its securities operations.
* As the bankruptcies roll in and loan write-offs grow, it will change even more.
* Don't write him off yet. He still has one more chance.
* Both vehicles are write-offs.
* An extraordinary charge of 11.7 million covers the closure of businesses and goodwill write-offs.
* We managed to sell it as a going concern, but got next to nothing for it and had to take a massive write-off.
* He struggled to repair the bank's balance sheet to allow it to take the inevitable write-offs against its $6.7bn third world debt portfolio.
* Seth's van, which he had owned for four days, was a write-off.
* I saw myself as a write-off as far as boyfriends were concerned.
* Still dreaming of her grateful smile, he crashes his car and it is a write-off.
* It was a write-off.
* My car was a total write-off.
* Fans have written the movie start off completely.
* Both occupants escaped serious injury but aircraft is a write-off.
* Erlich's morning was a write-off.
* By leasing he could not only spread the payments, but either enjoy for himself the benefit of a 100 per cent tax write-off on the asset of the plane in the first year, or come to some arrangement with a financier, who would build the tax deduction into the price.
* Harrington's aircraft was hit by a cannon shell in the forward fuel tank, another hitting his parachute pack; he was unhurt, but his aircraft was a total write-off.
* The old cloak was a complete write-off, and assumed that the new cloak, which he bought with cash, had completely solved the problem.
* The increasing loss to you reflects the expenses involved in administration and collection, the loss of use of your money, the effects of inflation and interest and finally, the cost of bad debt write-offs.
* Write-offs related to acquisitions during the fiscal fourth quarter to April 30 will affect fourth quarter profits but declined to say by how much.
* Lower oil prices (down by an average of some 50 cents a barrel) and lower production levels (as a result primarily of divestments) were offset by the benefit of a continually improving cost structure and smaller exploration write-offs.
* The closures are part of an effort to match output to demand and will include redundancies costing ?8 million and asset write-offs costing 20 million.
* Control Securities, the debt-laden mini-conglomerate that owns the Belhaven Brewery, yesterday revealed taxable losses of ?51.2 million for the six months to end-September after making massive property write-offs.
* But there was some astonishment at the size and timing of the exceptional write-offs, which will result in 9,000 job losses from a worldwide total of 128,600.
* This is good news for the banks that lent hugely on property as prices soared in the late 1980s, only to see their profits diminished by massive reserves and write-offs as prices then plunged.
* Provisions against dodgy loans and write-offs on even worse loans totalled ?885 billion, and net realised losses on shareholdings another 109 billion.
* Unless they pump in more money, they stand to be forced into massive write-offs.
* Radical reshaping of the group's operations away from retail outlets and into bakery operations led to write-offs last year, but this time there were no below-the-line expenses for store closures.
* Barclays Bank has written off 240 million of debt attributable to the property company Imry; it is one of the largest individual debt write-offs in the UK.
* But an exceptional item of 11.7 million baht covering write-offs and redundancy costs will result in a loss of 9 million baht in the year to January 25.
* Because those debts are not shown in any balance sheet of central government (there is not one) and also because the balance sheets have a history of restructuring and debt write-off, maintaining capital in accounting terms has become progressively less realistic.
* By this time the wiring was a complete write-off and had to be replaced during lengthy repairs.
* The last week's rehearsal has been a virtual write-off, and you're meant to be facing a preview audience on Monday.
