writedown
Noun
Meaning
writedown (plural writedowns)
(accounting) An adjustment; a precise amount adjusted by an act of writing down or entering an asset and its value; a reduction of an asset, written down or otherwise recorded as such.
Anagrams
Examples
It’s believed to be the largest such writedown in Exxon history.
This is after considering the writedown of ₹8,415 crore of AT 1 bonds (the Cabinet’s approved scheme had no mention of it).