Startup companies struggle to get loans because banks do not know how to value their knowledge; if a company fails, its IP could be written off as worthless.
"When he wore a Yankees cap to Jacobs Field," Mr. Raab writes of James, "for the opener of a playoff series between the Tribe and the Yankees in 2007 — and was interviewed during the game on national television, still wearing the cap — I wrote him off as worthless scum".
The prevalence of the latter led to these "crapcoins" being written off as worthless and irrelevant.
If your child is willing and able to make payments on the debt, you cannot write it off as worthless.
Closing off a worthless option can leave many worthwhile options open for people to pursue according to their own judgments about the value of these options.
"They can take an undervalued asset, sell off the worthless parts, streamline the management, unlock the cash flow and turn it into a real earner".
The captured ships however were written off as worthless, although some additional money was made auctioning off their naval stores.
Maybe "women aren't women any more" simply because they don't need to pair off with worthless men like they used to?
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