other-than-temporary-impairment
Noun
GAAP
An impairment charge taken on a financial instrument whose fair value has fallen below its amortized cost and is not expected to recover through the asset's holding period.
Synonym(s):
- OTTI.
An impairment charge taken on a financial instrument whose fair value has fallen below its amortized cost and is not expected to recover through the asset's holding period.
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