Detriment is another word for damage, harm, or loss. A business/finance example of a use of the word can be “the equity’s poor performance was in detriment to the portfolio’s overall return.” The equity’s poor performance is causing harm to the portfolio’s overall return.
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore: