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.

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Synonyms For Impairment


damage, disability, harm, weakening, loss


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Impairment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 29, 2020 https://payrollheaven.com/define/impairment/.
Chicago Manual of Style (CMS):
Impairment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/impairment/ (accessed: February 29, 2020).
American Psychological Association (APA):
Impairment. PayrollHeaven.com. Retrieved February 29, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/impairment/

Definition Sources


Definitions for Impairment are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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