What is another word for writedown?
Pronunciation: [ɹˈa͡ɪtda͡ʊn] (IPA) 
A writedown is the reduction of the value of an asset or liability listed on a company's balance sheet. There are several synonyms for this term, including markdown, devaluation, depreciation, impairment, and reduction. A markdown typically refers to a drop in the value of a retail good due to overstocking or a decrease in demand. Devaluation usually refers to a decrease in the value of a currency relative to another country's currency. Depreciation is a gradual decrease in the value of an asset over time. An impairment occurs when the value of an asset is permanently reduced due to various factors, including technological obsolescence or changes in the market. Finally, a reduction refers to a decrease in the value of an asset or liability in general.
