Finance Quote - Is this funny or what?

Finance Quote - Is this funny or what?

A financial quote is the last price that is agreed by the buyer and seller, and is the price that the particular asset was bought for (or, in other words, transacted) in the financial market. Along the lines of this discussion on Finance, what is the meaning of the word, "Write-off"?


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What is the meaning of the word, "Write-off" in this context?