concept   write off
culture   United Kingdom
statement   In the UK, a 'write off' in finance means declaring a debt or financial loss as uncollectible.

3 similar statements
# Concept Culture Statement Freq.
1 write off UK In finance, 'write off' means to declare a financial loss or expense as uncollectible. 1
2 write off United Kingdom In finance, to declare a debt as uncollectible and remove it from the accounting records 1
3 write off United Kingdom In business, 'write off' refers to the act of declaring a financial loss or uncollectible debt, which can be tax-deductible. 1