Today its assets would have to be written down by 5% for the knackers yard to beckon.
And the deposit-rich banks had issued few bonds that could be written down.
Contingent write-downs are one example: loans would be written down in increments over three years, but only if the borrower stayed current on payments.
If mortgages could be written down to a value above the likely foreclosure sale price, that would generate benefits for both creditor and borrower.
So it is with the European bank loans to sovereign governments in Europe which cannot be written down to their current value without making these banks insolvent and requiring bailout by their already overly indebted sovereign governments.
For every hacker and upstart entrepreneur there is a new law waiting to be written to clamp down on innovation.
Some argue that research and development costs are investments for the future, the same as a new plant, and ought to be capitalized as assets and written down over a period of time.
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That book value has been serially written down to reflect ever-weakening real estate prices, but would be written back up when housing prices start to rebound.
Young people need to be built up and encouraged not put down and written off.
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She attributes fancy menswear's growing sales figures to the fact that many men are now experimenting more with clothes--trying on new looks at a time when the old dress-for-success rules have broken down and new rules have yet to be written.
On MRAM, data can be written in 35 nanoseconds and there is no evidence yet that MRAM breaks down.
"In Mindy's mind, a proposed order might as well be written in stone because every proposed order that had been presented in the past down in Florida courts, the judge would just rubber-stamp it, " he said.
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The way the bill is written, the judicial process is basically circumvented, allowing websites to be shut down based on accusations of theft of intellectual property alone without so much as ever stepping foot inside a courtroom.
That said, you won't be spending much time down here on the desktop, since Windows RT can't run legacy programs written for traditional, x86-based Windows systems.
The value of the investments have been written down to nil and a note in the recently filed accounts states that GSB Northern Ireland will be subject to "an orderly wind-up" in the coming year.
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