write-down

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write-down

(rīt′doun′)
n. Accounting
A downward adjustment in the value of an asset.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.write-down - (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

write-down

noun
A lowering in price or value:
References in periodicals archive ?
Key characteristic of the instrument is that it can absorb losses through a conversion or write-downs using the investors money and not at the cost of other creditors or the state.
The write-downs were associated with the firm's trading division.
These write-downs are primarily related to goodwill and customer lists in connection with the company's activities in MAG45, a supply chain specialist, and STI, a training and consultancy company.
NORDIC BUSINESS REPORT-January 10, 2014-Gunnebo divests loans and shares and write-downs loans under divestment of Perimeter Protection
TOM ALBANESE stepped down as the chief executive of Rio Tinto last week, after an announcement that the company expects to recognise $14bn in write-downs.
Erste Bank Group announced that it made a EUR300m write-down on goodwill primarily associated with its Romanian subsidiary BCR, though the head of UniCredit's CEE operations played down prospects for goodwill write-downs, saying the region's leading lender had always taken a conservative approach to valuations."We feel pretty confident we have a clean house.
BANKING AND CREDIT NEWS-November 17, 2011--Banking unit write-downs push Alm Brand into EUR12.8m loss in Q3 2011(C)2011 M2 COMMUNICATIONS http://www.m2.com
17 November 2011 - Swedish life-science investor Allenex AB (STO:ALNX), formerly Linkmed, said on Wednesday its net loss deepened to SEK59.3m (USD8.8m/EUR6.5m) in the third quarter of 2011 mainly due to SEK56.2m write-downs of investments in associated companies.
''Consequently, our estimates of actual and potential global write-downs held by banks and other financial institutions have fallen by some $600 billion from about $4 trillion to $3.4 trillion,'' it said.
It is likely to announce plans to axe 10,000 staff and reveal more than pounds 1 billion in write-downs in its full year results today.
Global write-downs of toxic debt among banks and other financial institutions in the United States, Europe and Japan could reach $4.1 trillion, the International Monetary Fund said on Tuesday.
"The nature of the write-downs are consistent with those of other media organizations throughout North America and which reflect lower future profit expectations as a result of the current outlook for advertising in the operations," Canwest said.