via InvestingAnswers.com - Write-Down

A write-down can mean a reduction in the book value of an asset, but can also refer specifically to liabilities that accrue, or that borrowings from the borrowings are squared off. The revenue-based financing is perhaps referred to as liabilities in this instance. It's an open question whether the accumulated deficit is written down as well.

http://www.investinganswers.com/financial-dictionary/financial-statement-analysis/write-down-522

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