FAIR VALUE Definition

Bookmark and Share

FAIR VALUE, under GAAP, is the amount at which an asset could be bought or sold in a current transaction between willing parties, other than in liquidation. On the other side of the balance sheet, the fair value of a liability is the amount at which that liability could be incurred or settled in a current transaction between willing parties, other than in liquidation.

Learn new Accounting Terms

OCOR see OPPORTUNITY COST OF REVENUE.

TRAIC is Trading Result After Interest and Commission.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.