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What is a credit write down?

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Anonymous

17y ago
Updated: 8/16/2019

A reduction in the value of an asset carried on a firm's financial statements. For example, the firm's Accountants, believing the inventory is overvalued, may decide to take a writedown by reducing inventory valuation. Unlike a writeoff, a writedown does not result in elimination of the asset. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott.

Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.

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Wiki User

17y ago

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