write-off

alennus

poisto puhekieltä The cancellation of an item; the amount cancelled or lost
Something that is now worthless (such as a car after an accident)
(nonstandard spelling of)
2000, Roy L. Nersesian, Trends and Tools for Operations Management, Greenwood Publishing Group, ISBN 978-1-56720-225-0, http://books.google.com/books?id=i8ikbqto83cC&pg=PA80&dq=to-write-off page 80:

If you are eager to manufacture the recharging unit, the analyst will be tempted to write-off the equipment over its physical life and provide you with a lower breakeven volume. If you prefer to outsource, the analyst will be tempted to write-off the equipment over its tax life and provide you with a higher breakeven volume.

This has spurred major efforts to write-off loans by the two pilot banks and considerable progress at the largest of the SOCBs (the w:Industrial and Commercial Bank of China|ICBC).

Provided that where the Collector or any of his subordinates is responsible for the collection of any tax, (..) the power to write-off such tax, (..) on the ground of its being irrecoverable, shall be exercised by the Commissioner of Land Administration (..)