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Impairment

ɪmˈpɛːm(ə)nt

Impairment definitions
noun
impairment impairments
  1. the state or fact of being weakened or damaged

    "the companies may be adversely affected by loss or impairment of those rights"

    • the state or condition of being affected by alcohol or drugs to the extent of losing control over one's faculties or behaviour

      "impairment is not considered a factor in the crash"

  2. the state or quality of having a physical or mental condition that limits a specified faculty or function

    "a degree of physical or mental impairment"

    • an instance of a specified faculty or function being limited by a physical or mental condition

      "people with a loss or impairment of the sense of smell"

  3. reduction in the estimated or nominal value of an asset

    "impairment occurs when the fair value of a company's financial assets falls below its book value"