Cancellation of a bad debt Crossword Clue

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Understanding Today's Crossword Puzzle

When looking at the clue "Cancellation of a bad debt," the answer "write-off" perfectly fits the context of bad debt being eliminated in financial terms. Here's why this clue has this answer:

1. Financial Terminology: A "write-off" is a common term used in accounting to describe the action of canceling out a non-performing asset or a bad debt from the financial records.
2. Debt Management: In the context of bad debt, a write-off indicates that the amount owed is deemed as uncollectible and is removed from the books as a loss.
3. Elimination of Liability: The process of writing off a bad debt essentially erases the obligation of the debtor to repay the amount, reflecting a cancellation in the financial sense.
4. Accounting Practice: Companies often write off bad debts to clean up their balance sheets and account for the reality that not all outstanding debts will be recovered.

This makes "write-off" a fitting answer for the clue "Cancellation of a bad debt" as it directly ties into how bad debts are dealt with in accounting practices, aligning well with the theme of financial management and debt resolution.

Definition of "WRITE-OFF"

a vehicle or other object that is too badly damaged to be repaired

Example :

the passengers were unharmed, but my car was a total write-off

the magazine was a write-off, its credibility rating below zero

their profits are weakening thanks to loan write-offs

 That crossword clue published 1 time/s & has 1 answer/s. 

Crossword	Date	Answer
The Times Specialist	24 December 2017	write-off