(redirected from Write Downs)
Also found in: Dictionary, Thesaurus, Encyclopedia.


Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


A reduction in an individual's or a company's income as the result of an expense. For example, an unpayable credit sale may be a write-off for the creditor, especially if the debtor declares bankruptcy. The bankruptcy means that the debtor is unable to pay the debt, which results in a loss of income for the creditor. A write-off may usually be deducted from one's taxable income.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


To take an asset entirely off the books because it no longer has any value.If an accrualbasis taxpayer has taken money into income when bills were sent out to customers,but then some of the bills became uncollectible, the taxpayer may write off the uncollectible ones as a deduction against income. Financial institutions are required to write off loans when they become delinquent by a certain amount.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Reportedly, in US civil operations, the project write downs are mainly due to not achieving estimated production rates and projects being delayed.
In the UK operations, the project write downs are mainly due to not achieving estimated production rates, projects being delayed with estimated penalties and multiple changes driven by clients causing cost overruns.
The company would write down some EUR5m of certain real estates which are currently not used for production, and would write down other non-recurring items worth some EUR7m related to the rationalisation programmes of Raisio Chemicals and Raisio Nutrition and due to the decision to close down the grain starch operations.
FSA director General Ulrik Noedgaard said that the move would prevent some banks from undertaking 'an optimistic approach' to write downs.
Israel Discount Bank (TASE: DSCT) and Bank Hapoalim (LSE: 80OA; TASE: POLI) could face write downs because of changes in the book values of companies in which they have a stake.
The bank has recorded a temporary write down of USD143m on the MBS portfolio in 2007, and also reported an additional write down of USD709m in April.