write-off

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write-off

Informal something damaged beyond repair, esp a car
References in periodicals archive ?
By saying that "this does not reflect the reality of the company," he suggested the assessment was too high, a comment unlikely to calm investors concerned that the government appointed him to limit the political fallout from a writedown rather than clean out dead-wood in the company's accounts.
According to some analysts, Goldman Sachs (NYSE :GS) had to accept losses because of the writedowns it was forced to take in troubled Portuguese bank, Banco Espirito Santo SA, in the fourth quarter.
Newcrest which has also been alleged of tipping off analysts in the lead up to these latest results, blamed the large falls in the price of gold this year and subsequent drops in valuations for the asset writedowns.
6 billion euros of writedowns, including on investments in Greece, Italy and Spain.
Shuaa Capital doesn't expect major investment writedowns in the fourth quarter of 2011 and later in 2012, its chairman said.
The bank declined on Thursday to comment on the volume of the writedowns.
Newcastle-based Bellway had seen profits tumble after big writedowns when the property market convulsed under the pressure of the credit crunch and recession.
Management believes that excluding the security writedowns offers a better basis of comparison with prior periods.
Under IFRS the above writedowns will result in Panther producing a substantial
The company, which announced the mark-to-market writedowns in April, said assets under management fell to pounds 130.
THE Royal Bank of Scotland today unveiled the biggest loss in British banking history after suffering writedowns of pounds 5.
ROYAL Bank of Scotland today unveiled its first loss in 40 years as a public company after suffering writedowns of pounds 5.