- Types:
- show 7 types...
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default, nonpayment, nonremittal
loss resulting from failure of a debt to be paid
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capital loss
the amount by which the purchase price of an asset exceeds the selling price; the loss is realized when the asset is sold
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depreciation, wear and tear
decrease in value of an asset due to obsolescence or use
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losings, losses
something lost (especially money lost at gambling)
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delinquency
nonpayment of a debt when due
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straight-line method, straight-line method of depreciation
(accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life
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write-down, write-off
(accounting) reduction in the book value of an asset
