Difference between revisions of "Fair value"
From Knowledge base
| Line 1: | Line 1: | ||
| + | |||
| + | == Definition == | ||
| + | |||
Fair Value means the amount that a seller would reasonably expect to receive in a current arm's length transaction between a willing buyer and a willing seller, other than a forced or liquidation sale.<ref> Definitions used in Cost Accounting Standards 2012 Release; [57 FR 14153, Apr. 17, 1992, as amended at 73 FR 23964, May 1, 2008]</ref> | Fair Value means the amount that a seller would reasonably expect to receive in a current arm's length transaction between a willing buyer and a willing seller, other than a forced or liquidation sale.<ref> Definitions used in Cost Accounting Standards 2012 Release; [57 FR 14153, Apr. 17, 1992, as amended at 73 FR 23964, May 1, 2008]</ref> | ||
Revision as of 16:45, 4 September 2013
Definition
Fair Value means the amount that a seller would reasonably expect to receive in a current arm's length transaction between a willing buyer and a willing seller, other than a forced or liquidation sale.[1]
References & Notes
- ↑ Definitions used in Cost Accounting Standards 2012 Release; [57 FR 14153, Apr. 17, 1992, as amended at 73 FR 23964, May 1, 2008]
