Often used in financial settings to describe uncollectable debts or worthless investments.

Business Context

Implies an item's value has been reduced to zero and is no longer useful or relevant.

Irrecoverable Loss

In accidents, vehicles are written off if repairing them costs more than their value.

Used by insurance companies when an asset is so damaged it's not worth fixing.

Caution against premature judgment that neglects someone's or something's potential.

Implies that despite current views, the outcome could defy expectations.

Use in a business context when reducing taxable income by accounting for expenses or losses.

Can indicate a strategic financial decision to save money on taxes.