write-downs
Lowered book values
Write-downs are reductions in the recorded value of an asset on a company's books.
When an asset loses value—through obsolescence, damage, or market decline—accountants write it down to reflect its diminished worth: The company took massive write-downs on its real estate holdings.
Write-downs reduce reported profits and can signal financial trouble.
Diminished function or capacity
- balance sheetAssets-liabilities-equity report
- charge-offDeclaring debt uncollectible
- goodwillKindly, generous spirit
- reservesResources held back
revaluation · book value · provisions · financial statements · GAAP · amortization · inventory · equity
Diminished function or capacity
- markdownReduction in retail price
- reductionMaking something smaller
- diminutionReduction in size
- decreaseBecome or make smaller
downgrade · devaluation · reassessment · market value · fair value · adjustment · correction · repricing
Amount still owed
- bad debtUnrecoverable money owed
- shortfallFailure to reach quota
- red inkSymbol for financial loss
- defaultPreset standard option
foreclosure · insolvency · bankruptcy · receivership · liquidation · nonperforming · uncollectible · charge-off
impairment
Diminished function or capacity
- balance sheetAssets-liabilities-equity report
- charge-offDeclaring debt uncollectible
- goodwillKindly, generous spirit
reserves · revaluation · book value · provisions · financial statements · GAAP · amortization · inventory · equity · audit
impairment
Diminished function or capacity
- markdownReduction in retail price
- reductionMaking something smaller
- diminutionReduction in size
decrease · downgrade · devaluation · reassessment · market value · fair value · adjustment · correction · repricing · reappraisal
deficit
Amount still owed
default · foreclosure · insolvency · bankruptcy · receivership · liquidation · nonperforming · uncollectible · charge-off · restructuring
- inventory taxtax basis, personal property tax, FIFO, LIFO, cost basis