Impaired Asset: Meaning, Causes, How To Test, and How To Record
Definition An impaired asset is a company’s asset that has a market value lower than its carrying value on the balance sheet. The impairment may
Definition An impaired asset is a company’s asset that has a market value lower than its carrying value on the balance sheet. The impairment may
Definition An Immediate Or Cancel Order (IOC) is a type of stock market order that mandates the entire order be executed immediately, either wholly or
Definition Immunization is a financial strategy used to manage interest rate risk by matching the duration of assets and liabilities within an investment portfolio. The
Definition Imperfect competition refers to a market structure where the conditions for perfect competition, such as numerous buyers and sellers, equal market information, and negligible
Definition An Immediate Payment Annuity is a financial product, typically purchased from an insurance company, that provides a steady stream of income payments to the
Definition Impaired credit refers to an individual’s or entity’s diminished creditworthiness, often resulting from their inability to consistently meet debt obligations, late payments, bankruptcy, or
Definition Impairment is a financial term that refers to the reduction in the value of an asset, either tangible or intangible, due to a decrease
Definition Impeachment is not a financial term; it refers to a legal and political process. It is the process of bringing charges against a public
Definition The term “Immediate Family” refers to the closest family members related to an individual, typically including their spouse, parents, and children. In financial and
Definition Impact investing refers to investments made with the intention of generating measurable social or environmental benefits alongside financial returns. This type of investing prioritizes
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