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14:48 Feb 21, 2006
This question was closed without grading. Reason: Answer found elsewhere
English to Spanish translations [PRO] Bus/Financial - Finance (general)
English term or phrase:non-cash write-offs
"banking group XXXX said on Monday that it will take US$8.2mn in non-cash write-offs after an internal audit found that mortgage loans purchased from YYYYYY do not qualify as true sales and must be reclassified as commercial loans."