Definition of handicaps:
(n) :
Something that prevents, hampers, or hinders.
(n) :
(sometimes considered offensive) The disadvantage itself, in particular physical or mental disadvantages of people.
(n) :
(sports) An allowance of a certain amount of time or distance in starting, granted in a race (or other contest of skill) to the competitor possessing disadvantages; or an additional weight or other hindrance imposed upon the one possessing advantages, in order to equalize, as much as possible, the chances of success.
(n) :
A race or similar contest in which there is an allowance of time, distance, weight, or other advantage, to equalize the chances of the competitors.
(v) :
(transitive) To encumber with a handicap in any contest.
(v) :
(transitive, figurative, by extension) To place at disadvantage.