Meaning of “write-down” in the English Dictionary

business-english dictionary

"write-down" in Business English

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write-downnoun [ C ]

uk us ACCOUNTING, FINANCE

a reduction in the value of an asset in a company's accounts, when it is calculated to be worth less than previously shown:

The business was hurt by $15 million in inventory write-downs.
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(Definition of “write-down” from the Cambridge Business English Dictionary © Cambridge University Press)