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The distinction is that while a write-off is generally completely removed from the balance sheet, a write-down leaves the asset with a lower value. [4] As an example, one of the consequences of the 2007 subprime crisis for financial institutions was a revaluation under mark-to-market rules: "Washington Mutual will write down by $150 million the ...
A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off.
In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective. [1] [2] Such a loss may be an "actual total loss" or a "constructive total loss".
The film was completed, and given a preview screening, but Chaplin was unsatisfied with it and destroyed all known copies in front of witnesses as a tax write-off in 1933. [120] 1927: The American: J. Stuart Blackton: Marian Constance Blackton: George K. Spoor: Bessie Love, Charles Ray
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A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as they reduce profitability. [1]
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"Write Off This Episode" is the nineteenth episode of the thirty-fourth season of the American animated television series The Simpsons, and the 747th episode overall. It aired in the United States on Fox on April 30, 2023. The episode was directed by Matthew Nastuk and written by J. Stewart Burns.