write-off

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write-off

Informal something damaged beyond repair, esp a car
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
Profit fell as Emaar took a 750m dirham goodwill writedown related to its US home-building unit, John Laing Homes, the developer said.
It recently suffered a half-year loss of PS1.5bn, which came about largely due to a PS1.1bn goodwill writedown relating to its merger with Mytravel 12 years ago.
The defendants are facing two charges: market manipulation, and submitting false or misleading information with regard to publishing an interim consolidated financial statement in November 2011, in which they omitted to include a goodwill writedown of e1/4330m for Marfin Popular Bank's -- as Laiki was then known -- operations in Greece.
The vendor's problems with SBS are due to decreased viewership and an ensuing goodwill writedown.
The company also took a EUR183m goodwill writedown for its Ukrainian bank.
The bank's loss includes a EUR254m goodwill writedown at its Greek bank.
The Decision One closure will cost HSBC Finance pounds 32.2m, with a goodwill writedown of pounds 435.8m.
They face charges of market manipulation and submitting false or misleading information with regard to publishing an interim consolidated financial statement in November 2011, in which they omitted to include a goodwill writedown of e1/4330m for Marfin Popular Bank's -- as Laiki was then known -- operations in Greece.
The utility, which reported a 79% net profit drop last year to EUR865m due to a EUR2.6bn goodwill writedown on its Endesa activities, will seek to reduce its debt to EUR37bn in 2014 from EUR42.9bn in 2012.
While the group's remaining businesses made operating profits of pounds 8.5m in the year to April 30, up 20pc, the direct marketing division, including WBC, ran up losses of pounds 10.8m and after a pounds 33.4m goodwill writedown on the value of DMG, the business made pre-tax losses of pounds 44.2m.
'The negative was the goodwill writedown of $45 billion, which was bigger than expected, although their debt covenants are still safe because they have to keep at least $50 billion in equity and they finished the year with about $52 billion,' said David Joyce, analyst at Guzman & Co.