Impairment

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Impairment

Reduction in the value of an asset because the asset no longer generates the benefits expected earlier as determined by the company through periodic assessments. This could happen because of changes in market value of the asset, business environment, government regulations, etc.

Impairment

A reduction in a company's working capital as a result of a loss on an investment or a distribution (such as a coupon or dividend) to investors.

impairment

Reduction in a firm's capital as a result of distributions or losses.
References in periodicals archive ?
It's unclear, for example, whether lobbying for tax law changes or representing an audit client before state and local government tax authorities will impair independence.
Any direct financial interest in the client would impair the firm's independence, regardless of materiality.
Abnormal or missing bone and/or muscle tissue often results in mechanical deficiencies, and may impair a person's ability to perform specific types of tasks.