write-off

 

noun

  • 1British a vehicle or other object that is too badly damaged to be repaired: the passengers were unharmed, but my car was a total write-off
  • a worthless or ineffectual person or thing: the magazine was a write-off, its credibility rating below zero
  • 2 Finance a cancellation from an account of a bad debt or worthless asset: their profits are weakening thanks to loan write-offs