Principal write down
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(PWD).
The capacity of a financial instrument to absorb losses by a reduction (write down) of its principal amount repayable.
See also
- Additional Tier 1
- Bailin
- Capital adequacy
- Contingent convertible capital
- GCLAC also referred to as GLAC - gone-concern loss absorbing capital
- Going concern
- Loss absorbing capacity
- Primary Loss Absorbing Capital (PLAC)
- Principal
- Secondary Loss Absorbing Capital (SLAC)
- Tier 2
- Total Loss Absorbing Capacity
