write-off

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Related to Writedown: Writeoff, Goodwill writedown

write-off

Informal something damaged beyond repair, esp a car
References in periodicals archive ?
Bendine said a writedown is to be expected in fourth-quarter audited results which Petrobras must provide the market by the end of June or face default on more than $50 billion of bonds.
Many factors need to be taken into consideration when calculating how much of a writedown you need.
6 billion of writedowns to try to draw a line under ill-fated deals.
Last week the island's largest lender, Bank of Cyprus, announced a e1/41 billion loss for 2011 after taking a 60 percent writedown on Greek sovereign debt.
Excluding net security writedowns, other non-interest income decreased $270,000 or 9.
The Directors expect that the above investment and property writedowns will
4m [pounds sterling] Q2 loss despite smaller operating profit, as a larger proportion of the Greencore writedown impacted that quarter.
7 million writedown on seed capital invested in new funds at the time.
ROYAL Bank of Scotland today unveiled its first loss in 40 years as a public company after suffering writedowns of pounds 5.
ZURICH: Switzerland's biggest bank UBS unveiled massive new writedowns yesterday and turned to its shareholders to prop up its capital base, as it became the bank worst-hit by the US subprime mortgage crisis.
Further, if companies are required to consider writedowns annually for a large number of assets (or asset groups), the yearend burden on both internal staff and external auditors could increase substantially.
For example, FAS 12 (1975), "Accounting for Marketable Securities", requires a writedown due to nontemporary declines in market value of noncurrent securities.