BizTerm Definition
Goodwill Impairments
Full Definition

The same idea as asset impairments except they're used to write down the premium oa company paid over the fair market value of the net tangible assets acquired. These charges will explode in the first quarter of 2002 because of a change in mergers-and-acquistions accounting that eliminates goodwill amortization and requires holdings to be carried at no more than fair values.

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