Meaning of writedown | Babel Free

Definitions

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.

Equivalents

Examples

“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.”

CEFR level