Search Definitions

The probability-weighted average (ie mean of the distribution) of possible future cash flows. …

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 …

The use of a non-financial asset by market participants that would maximise the value of the asset or the group of assets and liabilities (eg a business) within which the asset would be …

Valuation techniques that convert future amounts (eg cash flows or income and expenses) to a single current (ie discounted) amount. The fair value measurement is determined on the basis of the value indicated by current market expectations about those …

The assumptions that market participants would use when pricing the asset or liability, including assumptions about risk, such as the following: (a)             the risk inherent in a particular valuation technique used to measure fair value (such as a …

Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. …

Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. …

Unobservable inputs for the asset or liability. …

A valuation technique that uses prices and other relevant information generated by market transactions involving identical or comparable (ie similar) assets, liabilities or a group of assets and liabilities, such as a …

Inputs that are derived principally from or corroborated by observable market data by correlation or other means. …