YEAR-END ADJUSTMENT is the process of adjusting the entry to an account at the end of the calendar or fiscal year in order to properly state it for financial statement preparation purposes. The various required adjustments include accrual or deferral of a revenue or expense item, reclassification, to conform book figures to physical inventory counts, and reflecting unusual transactions.
WRITE-DOWN is the reduction in the book value of an asset.
CONVERTIBLE BOND is a bond that can be converted to other securities under certain conditions.
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