Meaning of WRITE OFF

Pronunciation:			rIt of
WordNet Dictionary
	Definition:		[n]  the act of cancelling a debt as uncollectible [n]  reduction in the book value of an asset [v]  reduce the estimated value of something; "For tax purposes you can write off the laser printer" [v]  concede the loss or worthlessness of something or somebody; "write it off as a loss" [v]  write something fluently, and without hesitation [v]  cancel (a debt)
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	Synonyms:		write-down
	See Also:		acknowledge, admit, cancel, cancellation, compose, depreciate, depreciation, indite, pen, strike down, wear and tear, write