write off

concede the loss or worthlessness of something or somebody

• “write it off as a loss”

write something fluently, and without hesitation

set up or found

• “She set up a literacy program”

reduce the estimated value of something

• “For tax purposes you can write off the laser printer”

(accounting) reduction in the book value of an asset

the act of cancelling from an account a bad debt or a worthless asset