write-down

[rahyt-doun]
noun Accounting.
1.
a reduction of the entered value of an asset account.
2.
the procedure of reducing the recorded value of an asset, either by estimate or as a plan.

Origin:
1930–35; noun use of verb phrase write down

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To write-down
Example sentences
If you file bankruptcy to get a mortgage write-down, you're barred from filing again for years.
The acquirer can deduct from its taxes the full amount of the write-down.
There will be a yearly write-down of the loan after the end of each full year.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature