- writing off debts
- voiding of outstanding balances, waiving off of a collection of debts
English contemporary dictionary. 2014.
English contemporary dictionary. 2014.
off the books — Book Book (b[oo^]k), n. [OE. book, bok, AS. b[=o]c; akin to Goth. b[=o]ka a letter, in pl. book, writing, Icel. b[=o]k, Sw. bok, Dan. bog, OS. b[=o]k, D. boek, OHG. puoh, G. buch; and fr. AS. b[=o]c, b[=e]ce, beech; because the ancient Saxons and … The Collaborative International Dictionary of English
write off — phrasal verb Word forms write off : present tense I/you/we/they write off he/she/it writes off present participle writing off past tense wrote off past participle written off 1) a) [transitive] to say officially that someone does not have to pay… … English dictionary
direct write-off method — In the USA, the procedure of writing off bad debts as they occur instead of creating a provision for them. Although this practice is unacceptable for financial reporting purposes, it is the only method allowed for tax purposes … Accounting dictionary
direct write-off method — In the USA, the procedure of writing off bad debts as they occur instead of creating a provision for them. Although this practice is unacceptable for financial reporting purposes, it is the only method allowed for tax purposes … Big dictionary of business and management
write-off — The elimination of a *balance sheet item by direct transfer to an *income statement. For example, an irrecoverable *accounts receivable balance from a *bankrupt customer is normally eliminated by writing off the item to expenses. (In contrast,… … Auditor's dictionary
write off — 1) PHRASAL VERB If you write off to a company or organization, you send them a letter, usually asking for something. [V P to n] He wrote off to the New Zealand Government for these pamphlets about life in New Zealand. [Also V P] Syn: write 2)… … English dictionary
Russia — /rush euh/, n. 1. Also called Russian Empire. Russian, Rossiya. a former empire in E Europe and N and W Asia: overthrown by the Russian Revolution 1917. Cap.: St. Petersburg (1703 1917). 2. See Union of Soviet Socialist Republics. 3. See Russian… … Universalium
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Schabir Shaik trial — The Schabir Shaik trial was one of the most important court trials in post apartheid South Africa. The case, tried in Durban High Court before Judge Hilary Squires, proved the fraudulent and corrupt relationship between Durban based businessman… … Wikipedia
Collection agency — A collection agency is a business that pursues payments of debts owed by individuals or businesses.[1] Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.[2] There are many… … Wikipedia