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LeoGlossary: Write-Down
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The process engaged by a company in reducing the book value of an asset if its is overstated compared to current market value.
This is an accounting tactic which affects the firm's balance sheet.
In banking, this can be a downward adjustment to the value of loans recorded in the balance sheets of MFIs when it is recognized that the loans have become partly unrecoverable.
General:
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