pretax writedown

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Pretax Writedown

In accounting, the reduction in value of an asset before one accounts of taxes owed. Pretax writedowns may reduce one's tax liability. See also: Depreciation.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

pretax writedown

An accounting reduction in the value of an asset, measured before any effect by income taxes.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Its pre-tax write down on Greek sovereign debt was EUR333m.
The retailer spoke to analysts a conference call last week, after the company posted a 37 percent decline in second-quarter earnings, to $23.8 million, before taking a $25.5 million pre-tax write down for closing two Incredible Universe stores in May.
The pre-tax write down on its Greek sovereign debt was EUR2.26bn for the quarter.