'Impoverishment' definitions:

Definition of 'impoverishment'

From: WordNet
noun
The state of having little or no money and few or no material possessions [syn: poverty, poorness, impoverishment] [ant: wealth, wealthiness]
noun
The act of making someone poor [syn: pauperization, pauperisation, impoverishment]

Definition of 'Impoverishment'

From: GCIDE
  • 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. --Sir W. Scott. [1913 Webster]