writedown
B1CEFR level
55/100Rarity: uncommon
TechnicalRegister
Law noun
A reduction in the recorded value of an asset to reflect a fall in its worth.
The failed venture led to a substantial writedown at the year end.
Business noun
A downward revision of an asset's carrying value to reflect a loss in worth.
The bank's quarterly writedown on distressed loans wiped out most of its trading gains.
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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