Definition of Impoverishment

Babylon English Dictionary
act of making poor, pauperization
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Impoverishment Definition from Language, Idioms & Slang Dictionaries & Glossaries
Webster's Revised Unabridged Dictionary (1913)
(n.)
The act of impoverishing, or the state of being impoverished; reduction to poverty.
  
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter. About
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impoverishment
\im*pov"er*ish*ment\ (?), n. [cf. of. empoverissement, and f. appauvrissement.] the act of impoverishing, or the state of being impoverished; reduction to poverty. w. scott.

WordNet 2.0

Noun
1. the state of having little or no money and few or no material possessions
(synonym) poverty, poorness
(hypernym) financial condition, economic condition
(hyponym) privation, want, deprivation
2. the act of making someone poor
(synonym) pauperization, pauperisation
(hypernym) privation, deprivation
(derivation) impoverish