MARKET APPROACH Definition

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MARKET APPROACH is a general way of determining a value indication of a business, business ownership interest, security, or intangible asset by using one or more methods that compare the subject to similar businesses, business ownership interests, securities, or intangible assets that have been sold.

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ASB see ACCOUNTING STANDARDS BOARD.

CARTE BLANCHE is unrestricted power to act at ones own discretion, i.e. unconditional authority.

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