nedskrivningsplikt på fordringer
English translation: obligation to write down (reduce the book value of) the receivables
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| 14:23 Nov 22, 2006 |
| Norwegian to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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|  Selected response from: Larry Abramson United States Local time: 04:36 | ||||||
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| 4 | obligation to write down (reduce the book value of) the receivables |
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| 2 +1 | required write-down of receivables |
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Answers
13 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1required write-down of receivables Explanation: I am not sure about the translation of "fordringer" here - it might as well be "required write-down of debt". Ref: "A simulation result carried out by IFC on the basis of 1999 KIS data for all large chaebols confirms the numbers above and provides an estimate of required debt write-downs." Ref 2: "That source is the required write down of asset values on. loans that are non-performing in a period although they may have good prospects in the" ttp://hompi.sogang.ac.kr/@bb/bboard.asp?db=iias_pubwp&mode=download&num=11&filename=00-01.doc ep.lib.cbs.dk/download/ISBN/x656312717.pdf |
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11 hrs confidence:
obligation to write down (reduce the book value of) the receivables Explanation: Generally, when the prospect of payment of a receivable or other debt owed to a business begins to look doubtful, the business faces a decision. If it carries doubtful receivables on its balance sheet as if they were good assets, it violates generally accepted accounting principles. On the other hand, until it becomes virtually certain that a debt will not be paid, most businesses would not be willing to write off the debt. The compromise is to adjust the book value of the receivables downward. This is usually done at one time for a large group of receivables, and is based on the average probability of eventual payment. |
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