Definition, Meaning & Synonyms
write-down
noun
/ˈraɪt daʊn/
Definition
A reduction in the book value of an asset, often due to a fall in its market value.
Examples
- The company had to take a write-down on its underperforming real estate investments.
- After the merger, the firm recorded a significant write-down of its outdated technology assets.
Meaning
To officially reduce the recorded value of an asset on the balance sheet to reflect its current value and circumstances.
Synonyms
- devaluation
- reduction
- diminution
