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write-off

write-off {n.}

A loss.

This last unfortunate business venture of ours is an obvious write-off.

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Source: A Dictionary of American Idioms

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[write off] {v. phr.} 1. To remove (an amount) from a business record; cancel (a debt); accept as a loss. * /If a customer dies when he owes the store […] A Dictionary of American Idioms

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"very informal usage in vocabulary and idiom that is characteristically more metaphorical, playful, elliptical, vivid and ephemeral than ordinary language" (Random House Unabridged Dictionary) - learn ~600 slang expressions

An idiom is

an expression "whose meaning is not predictable from the usual meanings of its constituent elements… or from the general grammatical rules of a language"

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