impairment

3 definitions • 3 examples

the act of spoiling something or making it weaker so that it is less effective

deterioration in the functioning of a body part, organ, or system that can be temporary or permanent and can result from injury or disease:

Renal impairment needs to be treated urgently.

a situation in which the value of an asset is recorded as being greater than the amount of money that it could be sold for:

CPAs should test for impairment when the market price of a long-lived asset significantly decreases.

asset impairment