writing off a debt; cancellation of a debt
Refers to the accounting act of removing a debt from the books, often used in the pattern 帳消しにする.
They wrote off that debt for me.
We processed the write-off of old outstanding receivables.
cancelling out; offsetting; making even
Used when gains and losses, pluses and minuses, or good and bad points cancel each other out, leaving a net zero effect.
The profits and losses this time cancelled each other out, so it ended up being a wash.
His strengths and weaknesses offset each other, making him hard to evaluate.
He had his debt written off.
This failure wiped out all my previous efforts.
I wrote off my friend's debt.