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 classic literature ?
For he that cannot possibly mend his own case, will do what he can, to impair another's; except these defects light upon a very brave, and heroical nature, which thinketh to make his natural wants part of his honor; in that it should be said, that an eunuch, or a lame man, did such great matters; affecting the honor of a miracle; as it was in Narses the eunuch, and Agesilaus and Tamberlanes, that were lame men.
In the Hellespont we saw where Leander and Lord Byron swam across, the one to see her upon whom his soul's affections were fixed with a devotion that only death could impair, and the other merely for a flyer, as Jack says.
They showed the head and shoulders only, and her hair was more plainly done than usual, low on the forehead, which gave her an unusual look; the face was thin and worn, but no illness could impair the beauty of her features.
This time, too, I see nothing to impair my satisfaction at the probable finale.
 And frequent impalement their pleasure impair.