fair market value

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fair market value

n.
The price, as of a commodity or service, at which both buyers and sellers agree to do business.
References in periodicals archive ?
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).
KEYWORDS: IASB, FASB, accounting system, faithful image, fair value, financial statements.
The GASB is proposing that fair value be defined as "the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Managers of active international mutual funds have struggled to explain funds' tracking error versus their benchmarks caused by fair value portfolio pricing, said Diana Tidd, Managing Director and Head of the MSCI Index Business in the Americas.
Zack's primary purpose of writing this book is to expose fraud in fair value accounting while laying a carefully constructed foundation as to how we've become so reliant on fair value measures.
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.
The critical debate on usefulness of fair value accounting has arisen in connection with the financial crunch and economic crisis in years 2007-2009.
Unfortunately, fair value measurements are seldom as simple as drawing a number from a broker statement or obtaining a pricing service mark.
Land or buildings held to earn rental income, held for capital appreciation or both (referred to as "Real Estate" or "Investment Property") would qualify for fair value accounting if the new rules are approved by FASB.