writedown
Recorded value decrease
A writedown is a reduction in the recorded value of an asset on financial statements, reflecting that it's worth less than previously stated.
Companies take writedowns when investments sour, inventory becomes obsolete, or acquisitions fail to deliver expected value: The bank announced a $2 billion writedown on mortgage-backed securities.
Also written as two words: write-down.
Diminished function or capacity
- depreciationAsset value reduction over time
- devaluationLowering of currency worth
- assetItem of value owned
- goodwillKindly, generous spirit
loss · valuation · adjustment · amortization · reduction · revaluation · charge · provision
impairment
Diminished function or capacity
- depreciationAsset value reduction over time
- devaluationLowering of currency worth
- assetItem of value owned
goodwill · loss · valuation · adjustment · amortization · reduction · revaluation · charge · provision · markdown
log
Sectioned tree trunk
- chronicleOrdered historical record
- registerRecord officially; vocal range
- archiveStored historical records
ledger · catalog · inventory · document · transcript · entry · file · database · diary · journal
jot
Brief, hasty recording
annotation · footnote · margin · post-it · notation · bookmark · summary · highlight · underline · shorthand
- value decreasesdepreciation, markdown, discount, price cut, impairment
- market downturnscorrection, decline, dip, downturn, pullback
- credit eventsloan default, failure to pay, restructuring, debt restructuring, repudiation
- creditor prioritysecured debt, unsecured debt, first lien, subordination, waterfall structure