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What is an impact statement?

What is an impact statement? Here are some definitions.

Noun
  1. (law) Testimony, either oral or written, provided during a proceeding in a court of law which describes the harmful effects produced by the actions of an accused or convicted party and suffered by the victim or others, offered especially for consideration by the court in deciding an appropriate punishment.
  2. An analysis or study which describes the expected effects of a policy, project, or action being contemplated by a business or government organization.
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