Business, Legal & 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.

Synonyms For Impairment

damage, disability, harm, weakening, loss

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. October 16, 2021
Chicago Manual of Style (CMS):
Impairment. Payroll & Accounting Heaven Ltd. (accessed: October 16, 2021).
American Psychological Association (APA):
Impairment. Retrieved October 16, 2021, from website:

Definition Sources

Definitions for Impairment are sourced/syndicated and enhanced from:

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

This glossary post was last updated: 6th January, 2020 | 5 Views.