Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

WRITEOFF

Removal of BV of an obsolete or destroyed asset, uncollectable sum by reducing it to zero.

WRITER

1. General. Bill of exchange drawer. 2. Insurance. Underwriter. 3. Options trading. Option contract seller. Also known as option seller.

WRITTEN DATA

Data that is given in writing, if not it is not considered for a bid, quote or proposal.

WRITING DOWN ALLOWANCE (WDA)

Capital allowance where costs of acquired assets in the present year as added to a written down value of assets from the previous year.

TERM OF A BILL

Period where a bill of exchange is drafted and is then due for payment.

TERM OUT

Transfer internally of a debt shown on a firm’s balance sheet by capitalization of long and short term debt.

TERM RULE

Clause in a rating manual that details term where coverage is valid.

TERMINAL

Device of data input and output including a display monitor, mouse, keyboard.

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