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write-off
(redirected from Writedowns)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.03 sec.
write-off (rtôf, -f)
n. Accounting
1.
a. A cancellation of an item in account books.
b. The amount canceled or lost.
2. A reduction or depreciation of the entered value of an item.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.write-off - (accounting) reduction in the book value of an asset
accounting - a system that provides quantitative information about finances
wear and tear, depreciation - decrease in value of an asset due to obsolescence or use
deduction, tax deduction, tax write-off - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
2.write-off - the act of cancelling from an account a bad debt or a worthless asset
cancellation - the act of cancelling; calling off some arrangement
Translations
write-off [ˈraɪtɒf] N
1. (= vehicle) → siniestro m total
his car was a complete write-offel coche fue declarado siniestro total, el coche quedó siniestro total
2. (Comm) → anulación f en libros, cancelación f en libros
3. (Fin) → cancelación f (de una deuda considerada incobrable)
he proposed a complete write-off of debtpropuso cancelar totalmente la deuda
4. (= disaster) → desastre m, fracaso m
the whole afternoon was a write-offla tarde entera fue un desastre or fracaso
write-off [ˈraɪtˌɒf] n (Comm) → perdita (fig) (car) → rottame m
the car is a write-off → la macchina è ridotta ad un rottame


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Byline: Reuters ISTANBUL: The International Monetary Fund on Wednesday lowered its estimate for global writedowns for banks and other financial institutions to $3.
The bank is expected to report fresh writedowns and more job cuts in the coming days.
The Directors expect that the above investment and property writedowns will reduce the deferred tax liability by approximately [pounds sterling]6.
 
 
 
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