WordValeexpression
write-down
reducing the recorded value of an asset
In more detail
1. (noun) a reduction in the recorded value of an asset on a company's financial statements
2. (verb) to reduce the recorded value of an asset because it is worth less than previously thought
Examples
- 1. The bank announced a major write-down on its real estate holdings.
- 2. The company had to write down the value of its equipment after discovering damage.
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