fair market value

(redirected from Fair value)
Also found in: Medical, Legal, Financial, Acronyms, Wikipedia.

fair market value

n.
The price, as of a commodity or service, at which both buyers and sellers agree to do business.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
References in periodicals archive ?
157 provides a common definition of fair value to be used in applying previously issued FASB pronouncements.
Having said that, however, there is not a switch that will be flipped that suddenly allows or requires fair value in all FASB standards relating to assets and liabilities.
The valuation industry's response has been to first estimate the fair value of the financial instrument, assuming it is marketable, and then to adjust this value by a discount for lack of marketability (DLOM).
Designed to improve the effectiveness of disclosure requirements for fair value measurements, the proposed ASU is part of the FASB's disclosure framework project that aims to make disclosures in the notes to financial statements more effective by clearly communicating the information that's most important to financial statement users.
The transition to fair value from historical cost it represents a choice with major implications in accounting, thus being a difficult process that must be redefined according to current national and global economic tendencies.
Sarah is involved with CliftonLarsonAllen's in-house training program by providing training on the topics of investments, fair value measurements, split-interest agreements, contributions, and net assets.
The fair value of a financial asset is determined based on real or potential market transactions in the government's principal market (or in the absence of a principal market, a government's most advantageous market).
This methodology identifies the importance of shocks to fair value and shocks to risk premium in explaining exchange rate fluctuations over different periods, as well as over various horizons of interest.
FAS 115-2 and FAS 124-2 which gives flexibility to companies in determining fair value of assets and liabilities when the market is inactive and also allows banks to keep certain losses out of earnings.
A fair-value hedge addresses the risk that the fair value of an asset or liability could change.
From an IFRS perspective, IFRS 13 provides significant fair value guidance as, for the first time there is a precise definition of fair value and a single source of fair value measurement and disclosure requirements (U.S.