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Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


To take an asset entirely off the books because it no longer has any value.If an accrualbasis taxpayer has taken money into income when bills were sent out to customers,but then some of the bills became uncollectible, the taxpayer may write off the uncollectible ones as a deduction against income. Financial institutions are required to write off loans when they become delinquent by a certain amount.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
All this information was sufficient for the defendants to have knowledge of the need for a goodwill writedown, the prosecution said.
Kounnis, Lysandrou, Bouloutas and former executive board member Marcos Foros face charges of market manipulation and submitting false or misleading information with regard to publishing an interim consolidated financial statement in November 2011, in which they omitted to include a goodwill writedown of e1/4330m for Marfin Popular Bank's -- as Laiki was then known -- operations in Greece.
Bottom-line losses also narrowed to pounds 25m from pounds 41m a year earlier because of fewer goodwill writedowns than a year earlier.
14 November 2011 - Italy's banking group UniCredit SpA (BIT:UCG) plans to seek EUR7.5bn (USD10.2m) in fresh capital to reinforce its capital base, the bank said today after reporting a EUR10.6bn loss for the third quarter of 2011 because of EUR9.6bn of goodwill writedowns.
However the profits were flattered by the inclusion of large goodwill writedowns in the comparable period in 2001.
Sodexho said it would miss its goal of 2001-02 net profit after goodwill writedowns of pounds 133 million.
But the results came in below analyst estimates amid a sharp drop in profitability at the company's information technology arm and hefty goodwill writedowns.
Writedowns knocked its bottom line to a staggering pounds 5.1 billion loss - in France second only to Vivendi Universal's pounds 8.4 billion loss for 2001, also due to goodwill writedowns.
The Paris-based unit of carmaker PSA Peugeot Citroen posted a loss of pounds 34.7 million, compared with pounds 24 million a year earlier, due to a restructuring charge of pounds 46.4 million before tax and goodwill writedowns of pounds 69.1 million.
But, after goodwill writedowns and amortisation, profits were slightly down at pounds 11.1 million from pounds 11.2 million.
Mr Hartnall's comments came as the company reported pre-tax profits, before goodwill writedowns and exceptionals, of pounds 87 million in the six months to June 30, below last year's pounds 92 million.