Write Off financial definition of Write Off. Write Off finance term by the Free Online Dictionary.

Write-Off

A reduction in an individual's or a company's income as the result of an expense. For example, an unpayable credit sale may be a write-off for the creditor, especially if the debtor declares bankruptcy. The bankruptcy means that the debtor is unable to pay the debt, which results in a loss of income for the creditor. A write-off may usually be deducted from one's taxable income.

write off

To reduce the balance (that is, the book value of an asset or a group of assets) in an account to zero by recognizing the recorded value as an expense. For example, a firm may write off a technologically obsolete asset shown on its balance sheet as having monetary value. The asset will then be deleted from the balance sheet, and income during the period will be reduced (or losses will be increased) by an equivalent amount. Also called charge off.

Case Study In September 2001 Blockbuster, Inc., announced it would write off $450 million in the value of its videotape inventory. Tapes that, depending on age, had each been carried at a value of $4 to $8 would be valued at $2 under the new policy. In addition, Blockbuster said it would reduce the number of old tapes in each store from 8,000 to 6,000, thereby eliminating a quarter of its inventory of older tapes. More profitable DVD rentals had become an increasing part of Blockbuster's business, and the firm decided to devote more shelf space to these items. The charge, taken against second-half earnings, caused Blockbuster to report a large loss when Wall Street analysts had been expecting positive earnings. The unexpected news caused the firm's common stock to fall in price by over 8% on the day of the announcement.

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Allowance Method Bad Debt charge off Dar baixa Depreciation Tax Shield Pasar a perdida Publication 1542 Qualified Residence Recovery Period residence Short-Term Capital Loss Sum of Years Digits SYD tax benefit rule Tax Break Write Down write-down write-off Writedown	Worst-Case Scenario worthier title doctrine Worthless Worthless Securities Worthless Security WOW Wrap Account Wrap Fee Wrap-Around Mortgage Wraparound Wraparound Annuity wraparound mortgage Wright Brothers Wrinkle Wrinkled Wrinkles Writ Writ of Attachment writ of certiorari writ of ejectment Writ of Error writ of execution Writ of Seizure and Sale Write Write Down Write Off Write Out Write-Back write-down write-off Writedown Writeoff Writer Writeup Writing Writing Cash-Secured Puts Writing Naked Writing puts to acquire stock Writing-Down Allowance Written-Down Value Wrong-way risk Wrongful Act Wrongful Death Wrongful Dishonor Wrongful Dismissal Wrongful Termination Clause Wrongful Termination Lawsuit WS WST WT WTI	Write from the Beginning Write Handling Control Register write head Write Here in Plain Sight Write Here Right Now Write Image Write Improved SOWs Easily write in write in write in write in write in Write in candidate write in code Write in Peace Write in Poll Option write inhibit ring write into write into write into write into write into Write Many Read Always Write Many Visit Many Write Me Back Write Me Back Soon Write Me Real Soon write notes for write of write of Write Off Write Offs Write Offs Write Offs Write Offs write on write on write on write on and on write on the back of a postage stamp Write on the Record Write once Write once Write once CD Write once CD Write Once Memory Write Once Read Memory Write once read never Write once run anywhere Write once run everywhere Write Once, Deploy Anywhere Write Once, Read Never Write Once, Read Occasionally Write once, run anywhere Write once, run anywhere write once-read many write once-read many write once-read many Write once-run anywhere Write One Visit One Write only

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Allowance Method
Bad Debt
charge off
Dar baixa
Depreciation Tax Shield
Pasar a perdida
Publication 1542
Qualified Residence
Recovery Period
residence
Short-Term Capital Loss
Sum of Years Digits
SYD
tax benefit rule
Tax Break
Write Down
write-down
write-off
Writedown

Write from the Beginning
Write Handling Control Register
write head
Write Here in Plain Sight
Write Here Right Now
Write Image
Write Improved SOWs Easily
write in
write in
write in
write in
write in
Write in candidate
write in code
Write in Peace
Write in Poll Option
write inhibit ring
write into
write into
write into
write into
write into
Write Many Read Always
Write Many Visit Many
Write Me Back
Write Me Back Soon
Write Me Real Soon
write notes for
write of
write of

Write Off

Write Offs
Write Offs
Write Offs
Write Offs
write on
write on
write on
write on and on
write on the back of a postage stamp
Write on the Record
Write once
Write once
Write once CD
Write once CD
Write Once Memory
Write Once Read Memory
Write once read never
Write once run anywhere
Write once run everywhere
Write Once, Deploy Anywhere
Write Once, Read Never
Write Once, Read Occasionally
Write once, run anywhere
Write once, run anywhere
write once-read many
write once-read many
write once-read many
Write once-run anywhere
Write One Visit One
Write only