What is Fair Value?
In this glossary, Fair Value refers to: 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, as defined by IFRS 13 and US GAAP.
How is Fair Value used in finance?
In finance communication, this term appears in contexts such as: "IFRS 13 requires all assets and liabilities measured at fair value to be disclosed with reference to the relevant input hierarchy."
Why does Fair Value matter in finance?
Fair Value matters because it supports clear communication in Analysis contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Who uses Fair Value?
Fair Value is mainly used by Financial Analysts, Bankers, and Traders.
What category does Fair Value belong to?
In this glossary, Fair Value is grouped under Analysis. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.
