writedown
nounUK /ˈraɪt.daʊn/
US /ˈraɪt.daʊn/
A writedown is when a company says something it owns is now worth less money.
The store had to do a writedown on its old computers because nobody wanted to buy them.
RELATED WORDS
OTHER MEANINGS
2. An official record of something written down, such as notes from a meeting.
She kept a writedown of everything the teacher said.
3. The act of lowering the stated value of something on paper.
The bank announced a writedown of its bad loans.
4. A written note or list used to remember information.
He made a quick writedown of the phone number.