"Write-offs" Pronounce,Meaning And Examples
"Write-offs" Natural Recordings by Native Speakers
"Write-offs" Meaning
Writ-off refers to the act of formally writing off an asset or liability, usually at a certain value, often due to it being obsolete, uncollectable, or some other reason that makes it unrecoverable. A write-off is typically made in accounting records to transparently account for a financial loss or impairment.
Example: The company wrote off the entire inventory of goods that were destroyed in the flood.
In broader sense, write-off can also imply some form of write-off as in dismissal or elimination, as in a sports or series context:
Example: The under-performing team wrote off their chances of winning the championship after losing several key players.
"Write-offs" Examples
Usage Examples:
1. Financial Context
The company was forced to declare bankruptcy after its costly merger led to significant write-offs in the third quarter.
2. Sports Context
The player was facing write-offs for the season due to a serious knee injury sustained during the championship.
3. Business Context
The company will be taking large write-offs on its old inventory to simplify its financial statements and lower its tax liability.
4. Art Context
After a major section of his fresco cracked and could not be restored, the artist took a considerable write-off in the estimated value of the artwork for its insurance claim.
5. Legal Context
The victim of the data breach is entitled to substantial write-offs under the new data protection act to mitigate her financial losses.
"Write-offs" Similar Words
Wrists
Wristwatch
A wristwatch is a small time-telling device worn on the wrist. It is typically attached to a strap or band that wraps around the wrist, allowing it to be easily and comfortably held in place. Wristwatches are a common accessory and are often used to tell the time and may also include additional features such as displaying the date, calendar, and alarm functions.
Wristwatches
Writ
Write (verb): to draw characters or letters on a surface, typically with a pen, pencil, or stylus, usually to create written language.<br><br>Example: She is sitting at the desk, writing a letter to her friend.<br><br>Synonyms: scribble, pen, inscribe, compose.<br><br> Related words: author, write-up, writer, handwriting.
Writability
The quality of being able to write effectively and clearly, often used to describe a person's ability to express themselves in writing.
Writable
Write-down
Write-off
Write-ups
Written articles or documents that provide detailed information, explanations, or descriptions of something, often prepared for specific purposes such as reporting, informing, or persuading the audience.
Write
Writeable
Writedown
" Writedown" is a financial term that refers to a reduction in the value of an asset, investment, or account balance. It represents a write-down, which is the process of reducing the carrying value of an asset, typically on a company's balance sheet, to its current market value or a dollar amount that is lower than its original value. This can occur for various reasons, such as a decline in market prices, an impairment in the asset's value due to physical or functional obsolescence, damage, or any other factor causing the asset to be worth less than originally estimated. Write-downs can be characterized as non-cash charges and may result from specific events or conditions that indicate a reduction in the company's future benefits from its assets, properties, or investments.
Writedowns
Provisions or reserves set aside by a business to reflect a lack of value in its assets or a potential loss on the realization of goods or services. Writedowns are typically made when a business realizes that a particular asset has become obsolete or no longer useful, or that a committed purchase will not be completed as expected.
Writer
A person who produces written content, such as novels, essays, articles, or poetry, as a profession or occupation.
Writers
Writes
To write is to create written marks or symbols to communicate or represent language, thoughts, or ideas. Writing can take many forms, including handwriting, printing, typing, and other methods of recording text.<br><br>The act of writing involves using a writing instrument, such as a pen, pencil, or keyboard, to mark a surface, such as paper, a screen, or a digital device. The written text may be intended for personal use, such as journaling or note-taking, or it may be intended for public consumption, such as in books, articles, or social media posts.<br><br>Writing can also refer to the creation of written content, such as short stories, poetry, or scripts, for artistic, informational, or persuasive purposes.<br><br>In terms of its effects, writing can be used to:<br><br> Communicate ideas and information<br> Record history and events<br> Express feelings and emotions<br> Convey messages and opinions<br> Create art and literature<br> Document experiences and experiences.