Impairment

{
  "id": "MLC-T-INS-001772",
  "term": "Impairment",
  "field": "Insurance and risk management",
  "definition": "A loss or reduction in function of a body part or system, or a decrease in the value or quality of an asset. In insurance, it can refer to a physical or mental condition affecting an individual's ability to work, or a reduction in the economic value of property. Workers' compensation and disability insurance often assess the degree of impairment.",
  "url": "https://mlchart.com/terminology/insurance/impairment/"
}