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Other than temporary impairment

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Other than temporary impairment (OTTI)
Impairment charge taken on a security whose fair value has fallen below the carrying value on balance sheet and its value is not expected to recover through the holding period of the security.


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M, Other Than Temporary Impairment of Certain Investments in Debt and Equity Securities (SAB 59), and Statement on Auditing Standards no.
The reduction of Winthrop's carrying balance of its equity investment in Concord resulting from Winthrop's allocable share of loss from Concord does not reflect the additional impairment that Winthrop will recognize for the quarter and year ended December 31, 2008 as the result of its assessment relating to other than temporary impairment of its joint venture equity interest in Concord.
03 Other than temporary impairment (losses) after tax $ (1.
 
 
 
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