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What is the difference between write off and loan waiver?
Can you explain the difference between write off and loan waiver?
Yes, I can. A write off is when a lender decides that a borrower's debt is unlikely to be paid and removes it from their balance sheet as a loss. A loan waiver, on the other hand, is when a lender forgives a portion or all of a borrower's debt, so the borrower is no longer obligated to pay it back.