MLchartDataset catalogue

Write-off

Term · Law · MLC-T-LAW-005274

The act of removing an asset's value from a company's balance sheet because it is deemed uncollectible or worthless. This accounting adjustment reduces the reported value of assets and can impact a company's taxable income. Common examples include bad debts, obsolete inventory, or impaired assets.

Table 1. Record
IdentifierMLC-T-LAW-005274
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005274",
  "term": "Write-off",
  "field": "Law",
  "definition": "The act of removing an asset's value from a company's balance sheet because it is deemed uncollectible or worthless. This accounting adjustment reduces the reported value of assets and can impact a company's taxable income. Common examples include bad debts, obsolete inventory, or impaired assets.",
  "url": "https://mlchart.com/terminology/law/write-off/"
}

Record 5,418 of 5,441 in Law terminology (MLC-0107). Request the full dataset.