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What does write off mean?

Looking for the meaning or definition of the word write off? Here's what it means.

Verb
  1. (accounting) To reduce an asset's book value to zero.
  2. (accounting) To record an expenditure as an expense.
  3. (accounting) To remove a portion of a debt or an amount of an account owed, counting it as a loss (as a gesture of goodwill for example).
  4. (accounting) To record a notional expense such as amortization or depreciation.
  5. Figuratively, to assign a low value to something.
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Examples
Holmes' department is making moves to better manage the land that most Australians write off as useless.
And you dare not write off people who pen moaning letters to parish newsletters or local papers as cantankerous curmudgeons.
I thus have been inclined to write off the success of my prediction as just a happy accident.
The critics and the knockers were out in force to quickly write off their chances.
And don't write off City's chances at Preston or Ipswich, scene of a Paul Evans wonder strike last season.
You never can write off a team quarterbacked by Brett Favre, but you have to wonder whether Green Bay's window of opportunity is closing.

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