Writedown
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Writedown is a noun meaning (accounting) An adjustment; a precise amount adjusted by an act of writing down or entering an asset and its value; a reduction of an asset, written down or otherwise recorded as such.
Meaning
(accounting) An adjustment; a precise amount adjusted by an act of writing down or entering an asset and its value; a reduction of an asset, written down or otherwise recorded as such.
Example Sentences
If Chelsea were to fall foul of profit and sustainability, they would be expected to cite unforeseen circumstances, much as some clubs have claimed Covid writedowns: their books would have been sound but for the pandemic.
Word Forms
- writedowns
Related Words
Related dictionary entries include write-down, booking, write-up, debiting, account, adjustment.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.