Accounting A reduction of the entered value of an asset.(noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "write-down" in a sentence
"At the same time, the country is seeking an agreement with private sector creditors for a proposed €100 billion write-down, which is also a precondition for the new troika loan."
"Arizona and California have allocated a total of $1 billion in federal funds for a write-down program that offers to match as much as $50,000 in principal reductions by banks."
"Both states have barred borrowers who did a "cash-out" refinancing from being eligible for a write-down, and loan balances aren't immediately forgiven."