write-off

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Synonyms for write-off

(accounting) reduction in the book value of an asset

the act of cancelling from an account a bad debt or a worthless asset

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References in periodicals archive ?
She proposed that the financial results for the first nine months should reflect a goodwill writedown of anywhere from AaAaAeA@1/4600m to AaAaAeA@1/4900m other banks had done.
Philippidou had forwarded an email from PwC, the bank's external auditors, who informed them that the goodwill writedown of its operations in Greece was AaAaAeA@1/41.
5m goodwill writedown on Pelican - the business sold last year and which included the Bella Pasta and Cafe Rouge restaurants.
The goodwill writedown was caused by deteriorating credit quality and the adverse impact from The CARD Act on Bank of America's credit card operations in 2009.
Shortly after Cadbury-Schweppes acquired a majority stake in 2006, Cadbury Nigeria was found to have overstated its financial performance, which led to a costly lawsuit and a goodwill writedown on its balance sheet.
Company expects fourth-quarter non-cash goodwill writedown and asset impairment for Tim Hortons U.
The Company previously announced it would record certain year-end adjustments, including the goodwill writedown.
Overall, Hertz has performed reasonably well given the slowdown in business travel and excluding the goodwill writedown taken earlier in the year in early 2002 related to its Hertz Equipment Rental Corp.
3 million fourth quarter charge relating to a $15 million goodwill writedown and reserve additions for discontinued lines, primarily workers' compensation insurance.
Equant (NYSE: ENT)(Euronext Paris: EQU) confirmed that its financial position and operations are unaffected by the goodwill writedown which France Telecom announced today.
Projected full year 2002 income, before cumulative effect of change in accounting principle related to the adoption of SFAS 142 and the related transitional goodwill writedown indicated above, remains unchanged from the prior guidance given, i.
0 million for a goodwill writedown and amortization of intangibles, and third quarter 2001 net loss included $36.
This guidance projected, for 2002 relative to 2001, revenue growth exceeding 10%, EBITDA growth of 10% to 15% and income, before cumulative effect of change in accounting principle related to the adoption of SFAS 142 and the related transitional goodwill writedown indicated above, increasing by 150% to 200%.