Meaning & use

debt written off

phrase·Advancedbusinessfinance

Last updated

UK/ˌdet ˌrɪtn ˈɒf/
US/ˌdet ˌrɪtn ˈɔːf/

Meaning

  1. phrasecountablebusinessfinance

    a debt that is officially accepted as unlikely to be paid and removed from accounts

    Grammar: Countable: you can say 'a debt written off' or 'debts written off'. The plural is 'debts written off'.

    Patterns

    • a debt written off
    • debts written off
    • write off a debt

    The bank reported a large debt written off last quarter.

    After the customer disappeared, the company recorded the amount as a debt written off.

    Too many debts written off can seriously damage a small business.

Word forms

pluraldebts written off

Common combinations

record a debt written off
The accountant had to record a debt written off for the failed project.
large debt written off
The firm faced a large debt written off after the client went bankrupt.
debt written off as uncollectible
The invoice became a debt written off as uncollectible.
total debts written off
The report showed total debts written off of over a million dollars.

Synonyms and how they differ

bad debt
A more general term for any debt that is unlikely to be paid; 'debt written off' specifically emphasizes that it has been removed from the accounts.
write-off
A noun meaning the act of removing a debt or asset from accounts; 'debt written off' refers to the debt itself, not the action.

Word family

write off phrasal verb
To officially cancel a debt or accept that money will not be paid.
write-off noun
An official act of removing a debt or asset from accounts.

Commonly confused: debt written off or debt write-off?

debt written off vs debt write-off

This is a noun phrase meaning the act of writing off a debt, while 'debt written off' refers to the specific debt that has been written off.

Practice

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