write-down

NOUN
  1. (accounting) reduction in the book value of an asset
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How To Use write-down In A Sentence

  • While a 60 to 70 percent debt write-down seems extreme, it actually represents the market expectation, with most Greek debt now trading below 40 cents on the dollar.
  • It announced a loss of £2.8m, on a turnover of £13.5m, thanks mainly to write-downs in the depressed property market.
  • The write-downs were made all the greater because of the company's policy in previous years of treating start-up losses in these businesses as ‘assets’ and therefore capitalising them in the balance sheet.
  • Elsewhere, Murdoch's empire was hit by huge reorganisation costs and write-downs at its interactive media division, which includes the social networking website MySpace.
  • Wachovia Capital Markets analyst Douglas Sipkin believes that potential write-down following recent results could hurt Merrill's stock in the near term.
  • The "bait and switch scheme," whereby by the FED would buy and warehouse (I was actually tempted to use the word whorehouse here) worth-less or worthless securities for financial entities at their booked carrying values to preclude write-down and forestall inevitable insolvency, will buy some time, but it doesn't fix anything. Financial Sense Newshour
  • Throw in the write-downs on Imperial Holly and Greencore has incurred €310m worth of exceptionals since 2000, a sum equivalent to almost 50% of its current market cap.
  • The Swiss life and nonlife insurer, which during the past two quarters had been hit by property asset write-downs and litigation costs that have dented its bottom line by about $500 million, said Wednesday that it will buy as many as 280 million new shares of China's third-largest life insurer, allowing Zurich Financial to maintain a 20% stake in the company. Zurich to Invest $420 Million in New China Life
  • And it may be forced to write-down the value of some of its magazine mastheads by an as yet unquantified amount.
  • Until now, Goldman's Level 3 assets -- or illiquid, write-down-prone securities -- weren't increasing as much as at rivals such as o buy back the nonbank, aed commercial-paper holdings of most of its retail clients likely will mean an overall restructuring of the frozen 33 billion Canadian dollars (US$32. 5 billion) nonbank ABCP market will be approved at an April 25 investor vote. Worry Returns, Boosting Treasurys
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