UK Accounting Glossary
A partial value reduction of an asset. A write-down is a non cash expense that affects profits.
A reduction in the value assigned to a transaction in the accounts when a company or a bank believes that a transaction will not deliver the promised outcome.
This precautionary move is intended to prevent decisions being made on the basis of overly optimistic forecasts.
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This glossary post was last updated: 28th December 2018.