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writedown

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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; n. use of v. phrase write down
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

writedown

A reduction in the value of an asset carried on a firm's financial statements. For example, the firm's accountants, believing the inventory is overvalued, may decide to take a writedown by reducing inventory valuation. Unlike a writeoff, a writedown does not result in elimination of the asset.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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