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What does "write off"-off" mean?

I've heard this term throughout my life but I've never been entirely sure exactly what it means or why you would want to write something off.

Please explain.

What "write off" mean?

I've heard this term throughout my life but I've never been entirely sure exactly what it means or why you would want to write something off.

Please explain.

What does "write-off" mean?

I've heard this term throughout my life but I've never been entirely sure exactly what it means or why you would want to write something off.

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source | link

What "write off" mean?

I've heard this term throughout my life but I've never been entirely sure exactly what it means or why you would want to write something off.

Please explain.