Define: Impairment

UK Accounting Glossary

Definition: Impairment

Quick Summary of Impairment

A reduction in the carrying value of an asset, beyond the expected depreciation, which must be reflected by reducing the amount recorded in the balance sheet.

What is the dictionary definition of Impairment?

Dictionary Definition

  1. The result of being impaired; a deterioration or weakening; a disability or handicap; an inefficient part or factor.
  2. accounting A downward revaluation, a write-down.


Full Definition of Impairment


Impairment FAQ's

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Impairment. Payroll & Accounting Heaven Ltd. November 21, 2019
Chicago Manual of Style (CMS):
Impairment. Payroll & Accounting Heaven Ltd. (accessed: November 21, 2019).
American Psychological Association (APA):
Impairment. Retrieved November 21, 2019, from website:

Definition Sources

Definitions for Impairment are sourced/syndicated from:

This glossary post was last updated: 23rd December 2018.