Sell an option. Applies to derivative products. Bloomberg Financial Dictionary
* * *
write write [raɪt] verb wrote PASTTENSE [rəʊt ǁ roʊt] written PASTPART [ˈrɪtn]
1. [intransitive, transitive] to form letters or numbers with a pen or pencil:
• The price is written on the label.
2. also write out [transitive] to write information on a cheque or document:
• He wrote out a cheque for £4000.
3. [transitive] INSURANCE to sell a particular amount of insurance:
• We have written £5 million of insurance this month.
write something → back phrasal verb [transitive]
ACCOUNTING to increase the value of an asset that had been written off or written down. This happens, for example, when a debt that you thought would not be paid is unexpectedly paid
— see also write-back
write something → down phrasal verb [transitive]
ACCOUNTING to reduce the value of an asset as shown in a company's accounts:
• The giant hospital chain said it will write down about $100 million in assets and reserves.
— see also write-downwrite something into something phrasal verb [transitive]
to include something such as a rule or condition in a document, agreement etc:
• I have to attend regular training sessions — it's written into my contract.
write off phrasal verb [transitive]
1. write somebody/something → off to decide that someone or something is useless, unimportant, or a failure:
write off as
• We've written the project off as a non-starter.
2. write something → off ACCOUNTING to officially say that someone does not have to pay a debt:
• As part of the deal, all their debts were written off.
3. write something →off ACCOUNTING to reduce the value of an asset to nothing, for example in the case of a
bad debt (= money you have lent but that will never be repaid):
• Businesses write off capital assets over a period of years.
4. write something → off INSURANCE if an insurance company writes off a vehicle, it decides that it has been damaged so badly that it is not worth repairing:
• The car has been written off, so they have to pay out for a new one.
— see also write-offwrite something → up phrasal verb [transitive]
ACCOUNTING to increase the value of an asset, usually land or a building, as shown in a company's accounts:
• The company can periodically write up the value of certain assets if its directors think the assets are worth more than the purchase price.
* * *
write UK US /raɪt/ verb (wrote, written)
► [
I or
T] »
Write your name and address on the form.
»
The negative figures were written in red.
► [
I or
T] »
He wrote a letter of complaint to the Customer Services Department.
»
A report written by the finance committee made several cost-cutting recommendations.
»
written communication/confirmation/statement
► [
T] (
also write sth out) »
They wrote me a cheque for $5,000 in compensation.
► [
T]
INSURANCE »
The bank does not write its own insurance but offers building and contents cover through a third party.
► [
T]
IT write sth to sth »
The file failed to write to disk because it was too large.
► [
T]
IT »
The computer package was specially written for market research purposes.