English translation: writing off (only in specific context of depreciation!)
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:
writing off (only in specific context of depreciation!)
Dutch to English translations [PRO] Bus/Financial - Finance (general)
Dutch term or phrase:weggeschreven
Please someone explain what on earth they mean by weggeschreven in the following context:
"Om daar al je geld kwijt te raken moet alle 6 de onderliggende CDO tranches volledige worden weggeschreven"
Explanation: 'weggeschreven' is not the best word that could be used in this context. What is meant is the followintg: all CDO tranches that are subordinate to your investment need to have lost all their collateral (and therefor can not be paid back) before you start losing on your investment. Maybe 'defaulted' is the best word.
Nico Staes Czech Republic Local time: 04:30 Specializes in field Native speaker of: Dutch, Flemish PRO pts in category: 5