Write-Off: What is the Meaning of Write-Off?
Meaning of Write-Off: In an accident in the insurance industry, a car breaks down so badly that the insurance company pays for it and does not renew the owner's policy. Because after the car breaks down, there can be no insurance.
Write-Off means: An appraisal is an accounting act that reduces the value of an asset when debiting a dues account. It is mainly used in the literal sense of a company that wants to account for immovable debt obligations, bad debts, or inventory losses. It can also be seen in the reduction of the annual tax burden.
- Depreciation is primarily related to business accounting expenses due to recognized payments or loss of assets.
- The three most common scenarios requiring business authorization include unpaid bank loans, unpaid accounts receivable, and inventory losses.
- Cancellation is a business expense that reduces taxable income in the statement of income.
A simple definition of Write-Off is: In accounting, reducing the book value of an asset, never to zero, or canceling a loan that is defaulted or not possible.
The definition of Write-Off is: Damaged vehicles that cannot be repaired or whose repair costs more than the cost of the vehicle before it is damaged.
A damaged car that cannot be repaired or costs more to repair than it was capable of before the car was damaged. Also known as complete cleansing.
Literal Meanings of Write-Off
Meanings of Write:
Mark any surface, usually with a pen, pencil or similar tool, on paper (letters, words or other symbols).
Write, write and send (letters) to someone.
Written (text or work) for reproduction or publication in written form or in print, literary and written form.
Insert (data) into an electronic or magnetic storage device, or at a specific location in a computer file system.
Refund (insurance policy)
Sentences of Write
Write his name on a piece of paper
I wrote a letter to Allison
I didn't know you wrote poetry
Files can be read and written to the file system.
The doctors felt that no insurance company would buy them a policy at any cost.
Synonyms of Write
put together, make a note of, note, scribble, dash off, communicate, put down, keep in contact, formulate, commit to paper, create, register, set down, mark down, draft, draw up, pencil, note down, put in black and white, make a list of, compose
Meanings of Off:
Go and always go down.
Located or driving in the direction of (main road or intersection)
Remove or separate
Half of the court (divided by the length) in which the batsman's feet point when he gets up to catch the ball.
Characteristic of performing poorly or feeling unsatisfactory or inadequate
(Foods) are not fresh anymore.
Located on the side of the vehicle which is usually away from the off side curb.
Shameful or unfair
The question under discussion or from afar.
To delete or disconnect
Travel or run.
Stopped or stopped.
Not working (from electrical appliance or power supply) or stopped working.
Sentences of Off
Get out of bed
Individual network cable
His possession threatened to tear him apart
Event guard in bat style and absolutely deadly in the opponent's goal.
Even the best athletes have a few days off
A little less fish
The man escaped
Take off his coat
The gunmen fled on foot
Synonyms of Off
rancid, putrescent, unsatisfactory, high, unreasonable, bad, uncalled for, away, unnecessary, stale, unjustified, mouldy, below the belt, to a distance, unacceptable, from here, inequitable, putrid, unjust, sour, turned, unjustifiable, from there, spoiled, unwarranted, rotten