Other than temporary impairment

Other than temporary impairment (OTTI)

Impairment charge taken on a security whose fair value has fallen below the carrying value on balance sheet and its value is not expected to recover through the holding period of the security.
References in periodicals archive ?
M, Other Than Temporary Impairment of Certain Investments in Debt and Equity Securities (SAB 59), and Statement on Auditing Standards no.
M, Other Than Temporary Impairment of Certain Investments in Debt and Equity Securities, was issued to specifically address the phrase "other than temporary.
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