write-off
🇺🇸
/ˈraɪt ɔːf/
🇬🇧
/ˈraɪt ɒf/
A vehicle that's been in a bad accident and can't be fixed or costs more to fix than to get a new one.
She survived the crash with minor injuries, but the car was a write-off.
A time when you don't get anything done.
With meetings and phone calls, yesterday was a complete write-off.
When a debt is canceled and accepted as never going to be paid.
The company had to take a huge write-off after the failed investment.