write-off
B2CEFR level
45/100Rarity: uncommon
TechnicalRegister
Business noun
The removal of an asset's value from the accounts when it is judged to be wholly unrecoverable.
The insolvency of the customer forced a complete write-off of the outstanding debt.
Business verb
To remove an asset or debt from the accounts because it no longer has any recoverable value.
After a year of chasing, we finally had to write off the debt as uncollectable.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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