write-down

Although the size of the writedown is welcome, euro-zone leaders are desperate for it to be "voluntary" .

Experts are convinced that real financial relief for Greece can only be achieved through a general debt writedown.

Thus, a partial writedown of an asset for financial statement purposes generally would not create a deduction for tax purposes.

There cannot be a guarantee that the effect of a writedown of, say, 50 per cent or 60 per cent in Greece's debt can be neatly contained.

Since the onset of the crisis, the writedown of assets in the US has exceeded the provision of new capital.

While a debt writedown was not absolutely necessary, discussions in Europe over the past two months had led authorities in that direction.

Greece cannot solve its own problems, which is why private holders of its debt will suffer a 50% writedown in its value.

Last week, Nokia reported its worst results, hit by a major writedown and as it lost market share in smartphones.

The report is likely further to unnerve investors, even though the writedown estimates are lower than those of some private economists.

Credit Suisse has suspended a number of traders in connection with the writedown.

She left in July and her (male) successor quickly announced a very large asset writedown.

You may writedown sth important and special on your notes.

But poor handling of what turned into an $8bn writedown sealed Mr O'Neal's fate.

As for the writedown, it is jaw-dropping, even by subprime standards.

Yet an essential counterpart to the Greek writedown is a credible firewall around heavily indebted yet solvent borrowers such as Italy.

A further $150bn writedown of asset-backed securities would then ensue.

A similar writedown of $2. 2bn has been applied to North American operations.

But these synergies never materialised and in 2007 eBay took a $1. 4 billion writedown.

Excluding the writedown, net income rose 60 per cent from the same period in 2009, to $30. 6m.