write-off

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write-off

Informal something damaged beyond repair, esp a car
References in periodicals archive ?
The required adoption of SFAS 115 on January 1, 1994 resulted in a non-cash write down on a GAAP basis of $2,480,000 for certain CMO residual interests in the Partnership's portfolio which have been impaired by the record levels of mortgage prepayments during 1993.
In addition, if bonds were to take a principal write down, they have the ability to be written back up.
46) per diluted share in the fourth quarter of 2002, related primarily to international operations, for asset impairment, vacated facilities and inventory write downs.
The fund failed its October 10, 2002 overcollateralization test due to markdowns on publicly traded loans and bonds as well as additional write downs of special situation portfolio assets by Trimaran Advisors LLC, the asset manager for Caravelle Investment Fund, LLC.
The total restructuring charge is $159 million pre-tax, consisting of $129 million in asset write downs and $30 million in employee severance costs.
Adams added, "The significant asset write downs effective June 30 reflect our desire to keep our portfolio at current values.