write off

No such announcements about a debt write-off have been made.

In May, the retailer withdrew its full-year guidance and announced a $75-million write-off of spring and summer merchandise due to slow sales, steep discounting and difficult market conditions.

The hard work of hundreds of people, a mere tax write-off under the mighty pen of Warner Bros.

E.On has also agreed to write-off debt held by almost 150,000 prepayment customers who cancelled their accounts over the same period.

“We needs a tax code that honors the trades,” she said, allowing write-offs for the kinds of equipment used by loggers, plumbers and electricians.