write off (one's) losses

1. To record one's financial losses during the accounting process. We've had such a rough third quarter that being able to write off our losses for a tax break is the only upside.

2. By extension, to move on from a situation that has gone badly. I started out as an engineering major, but after failing all of my classes, I decided to write off my losses and switch to communications.

Common Names:

Name	Pronounced	Usage
Afra (2)	-	Arabic
Adde	-	Frisian
Isidora	ee-see-DHO-rah (Spanish), ee-zee-DO-rah (Italian), iz-i-DAWR-ə (English)	Serbian, Macedonian, Spanish, Portuguese, Russian (Rare), Italian (Rare), English (Rare), Ancient Gr
Pilypas	-	Lithuanian
Iapheth	-	Biblical Greek
Ivory	IE-və-ree, IEV-ree	African American