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3 Noun 0 Verb 0 Adj. 0 Adv.
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ENwrite-offNoun
EN
(accounting) reduction in the book value of an asset
write-downrevaluation of fixed assets
bn:00081707n Concept
EN
The act of cancelling from an account a bad debt or a worthless asset
bn:00081710n Concept
EN
In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective.
total loss
bn:03684905n Concept

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