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.

pretax writedown

An accounting reduction in the value of an asset, measured before any effect by income taxes.
References in periodicals archive ?
2bn in pre-tax writedowns in securities and banking.
Pre-tax writedowns of some pounds 686 million on funded and unfunded leveraged loan commitments were partly to blame.