帳消(ちょうけ)し

ちょうけし
noun
cancellation, writing off
1. cancellation, writing off, offsetting
Canceling out a debt, loss, or negative factor. Used both literally (debts) and figuratively (offsetting a disadvantage).
借金(しゃっきん)を帳消(ちょうけ)しにした。
The debt was written off.
その一言(ひとこと)で努力(どりょく)が帳消(ちょうけ)しになった。
That one remark negated all the effort.
The beautiful scenery made up for the fatigue of the long journey.

Usage: Almost always used with にする (to write off, to cancel) or になる (to be canceled, to be negated). Very common in figurative use.

Common collocations

Etymology: From 帳(ちょう) (account book) + 消(け)し (erasing) — literally erasing something from the ledger.