write-off

(noun) (accounting) reduction in the book value of an asset. Synonyms: write-down.

(noun) the act of cancelling from an account a bad debt or a worthless asset.

(verb) concede the loss or worthlessness of something or somebody. Synonyms: write off. Example: "Write it off as a loss."

(verb) write something fluently, and without hesitation. Synonyms: write off.

(verb) cancel (a debt). Synonyms: write off.

(verb) reduce the estimated value of something. Synonyms: expense, write off, write down. Example: "For tax purposes you can write off the laser printer."