A rider attached to a health insurance contract that waives the insurance company’s liability for all future claims on a pre-existing condition.

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impairment of capital

amount by which stated capital has been decreased by distributions such as dividends or losses.

legal restriction enacted to protect creditors by limiting payments of dividends to retained earnings.

- The legal rule governing Canadian companies that prevents the payment of dividends from the value of common shares on the balance sheet.

Embedded terms in definition.

Impairment Loss

A special, nonrecurring charge taken to write down an asset with an overstated

book value. Generally an asset is considered to be value-impaired when its book value

exceeds the future net cash flows expected to be received from its use. An impairment write-down.

Impairment test

A two-part procedure to determine if the carrying amount of an asset is greater than its fair value .

Implicit lease interest rate.

impairment — when a plan of reorg anization alters the contractual rights of a class of holders of claims, that class is deemed to be impaired. A class that is unimpaired is deemed to automatically accept a plan of reorg anization.

Import Licensing.

Impairment provisions

An amount of expense charged against a bank’s income/capital, set aside in anticipation that the value of a bank’s financing/loan portfolio may be ultimately reduced due to being uncollectible. Synonyms: loan loss provision, prudential provisions, allowance for bad debt .

Goodwill impairment

An asset reported mainly as goodwill on the balance sheet may be worth much less than the value reported. In this case the good will is impaired and the company will likely have to take a write-down on this asset.

Impairment Reduction in the value of an asset because the asset no longer generates the benefits expected earlier as determined by the company through periodic assessments. This could happen because of changes in market value of the asset, business environment, government regulations, etc.

Impairment

See nonviolation

Imperfect capital mobility

Any departure from perfect capital mobility, permitting interest rates or returns to capital to differ between countries.

Impairment The cost shown in the profit and loss account as the result of a fall in the value of an asset. Implied volatility The level of volatility which the market implicitly expects given the current market price of a security.

Impairment Loss The non-cash expense calculated as a percentage of the value of the loan portfolio that is at risk of default. This value is used to create or increase the impairment loss allowance on the balance sheet.

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Bankruptcy [r]: Legally declared inability or impairment of ability of an individual or organization to pay its creditors. [e]

Balance sheet [r]: An annual statement of a company’s assets and its liabilities that is a component of its annual accounts. [e].

expense s paid for training courses for a taxpayer or a related person in respect of the care of a person with a mental or physical impairment. who lives with or is a dependent of the taxpayer;.

Moreover, markets may be abnormal and trading may exacerbate losses, and you may take losses not measured in daily marks such as lawsuits, loss of employee morale and market confidence and impairment of brand name s.

For instance, the ADA definition of a disability includes people who have an impairment that substantially limits one or more life activities (such as walking or seeing), people who have a record of such an impairment. and people who may be regarded as having an impairment.

A right held by one GATT country to seek compensation for an impairment of a given bound tariff rate by another GATT country.

For an asset the book value is the cost minus any depreciation, impairment or amortization cost made against the asset. When calculating the book value of a firm one would subtract intangible assets and Liabilities such as debt from the total assets of the company.

(I wonder why the name change?) They lost money in Q4 and in 2011 but they spin a story that they were profitable without goodwill impairment s and breakage adjustments. Their accounting has always been complex by nature and subject to estimates.

Individuals injured by the wrongful conduct of another may also recover damages for impairment of earning capacity, so long as that impairment is a direct and foreseeable consequence of a disabling injury of a permanent or lingering nature.

Instead, a two step goodwill impairment test is used, repeated at least annually. The first step determines if business goodwill impairment is present. If so, the value of business goodwill is estimated in order to measure the amount of goodwill impairment which is recorded as a loss.

UNINSURABLE RATING An underwriting risk class assigned to an applicant for life insurance that do not meet the underwriting requirements due to medical or nonmedical impairment s. Some joint survivorship policies will accept one uninsurable applicant.

Cognitive impairment s, such as those that result from Alzheimer’s disease, are not considered ADLs. A comprehensive long-term care policy will use a different test to determine when policyholders suffering from these impairment s qualify to collect benefits.

February 27, 2015 1:34 AM NOBLE Group reported impairment s of US$438 million (S$594 million) for last year, but denied the move was in response to claims that it uses dodgy accounting to enhance its books.

Noble Group reports Q4 loss, rejects improper accounting allegations

Reuters Feb 26 Comment.

Notes:

Any weakening of a company’s finances will cause an impairment of credit. Consequently, it results in a reduction of the credit offered by lenders.

See also: Credit Enhancement. Impaired Asset, Impairment

Mentioned in

No references found.

DISABILITY — A physical or mental impairment that substantially limits one or more major life activitie.

DISABILITY INCOME INSURANCE — An insurance policy that insures a worker in the event of an occupational.

Most contracts also cover cognitive impairment s, such as Alzheimer’s disease.Under the terms of most long-term care contracts, you can be cared for in a nursing home or at home. The insurance pays for custodial rather than skilled care, which must be provided by licensed professionals.

Recurrent earnings before interests and taxes. REBIT excludes the non-recurrent items related to restructuring. impairment s of assets and other income or expense s from events or transaction s, which cannot be linked to the ordinary operations of the period. Recurrent profit or loss from operations.

McInerney takes E156m land bank impairment

See more articles mentioning negative equity or search FT.com

Related Terms.

Any physical or mental impairment with significant and long term adverse effect (on ability to work etc.).

Discount

A reduction in a price or charge, usually expressed as a percentage.

TTY also known as teletype or textphone is the method used by many people with hearing or speech impairment s to communicate by phone.

If you have speech or hearing difficulties and need to call the ANZ Internet Banking Helpdesk use our TTY service by calling 1300 366 255.

Unit price.

occupational disease Impairment of health caused by continued exposure to conditions inherent in a persons occupation or a disease caused by an employment or resulting from the nature of an employment.

Depreciation is often mistakenly seen as being a basis for recognising,wear and tear, obsolescence. or impairment on an asset but these issues where seen as significant enough to account for are handled through an asset revaluation reserve.

Appropriate methods to measure and record the disposal of PP&E.

Accounting for asset exchanges.

Rules for recording asset impairment s.

Natural resource accounting and depletion concepts.

Intangible asset accounting and amortization concepts.

Covenant

A legally binding commitment by the issuer of municipal bonds to the bondholder. An impairment of a covenant can lead to a Technical Default.

charges including losses on foreign exchange due to debt; also the net expense for the selling of securities; the amortisation relating to any bond redemption premiums; and any additions or changes to the provisions for financial liabilities and any possible charges and other related impairment.

Prior to 2002, a portion of goodwill was required to be amortized, or written off, by the corporation on their income statement every year. Beginning in 2002, the value of goodwill on the balance sheet need not be written down unless it is determined that there has been an impairment in the value.