write-down
Law noun
A reduction in the recorded value of an asset, sometimes with tax consequences.
The write-down of the obsolete plant generated an allowance the company could set against its profits.
Business noun
A reduction in the recorded value of an asset to reflect a fall in its worth.
Slow-moving stock forced a hefty inventory write-down that dragged the quarter into the red.
Business verb
To reduce the recorded value of an asset to reflect a fall in its worth.
The bank had to write down the loan portfolio after defaults spiked.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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