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write-off
(redirected from Writeoff)

   Also found in: Financial, Encyclopedia, Wikipedia 0.04 sec.
See: bad debt


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The diocese of Ottawa in August closed its Canterbury House Bookstore, which had been losing money for several years, incurring an immediate writeoff of $231,000 representing forgiveness of past debts.
1 defense contractor this year rebounded from a difficult period in which it absorbed development costs for several projects and was forced to take a writeoff from the A-12 attack plane project canceled by the Pentagon.
2% ========= ========= Adjusted EBITDA calculations: Net income $ 8,703 $ 46,178 Interest expense, net 28,744 43,173 Income tax provision 32 30 Depreciation and amortization 28,275 29,783 Unrealized losses (gains) on derivatives, net 3,782 (23,588) Equity-based compensation expense (benefit) (3,334) 996 Other 13 (225) Goodwill impairment 7,171 - Writeoff of recapitalization transaction costs 18,948 - --------- --------- Adjusted EBITDA (2) $ 92,334 $ 96,347 2.
 
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