Search Definitions

Buyers and sellers in the principal (or most advantageous) market for the asset or liability that have all of the following characteristics: (a)             They are independent of each other, ie they are not related parties as defined in AASB 124 , …

The market that maximises the amount that would be received to sell the asset or minimises the amount that would be paid to transfer the liability, after taking into account transaction costs and transport …

The risk that an entity will not fulfil an obligation. Non-performance risk includes, but may not be limited to, the entity’s own credit …

Inputs that are developed using market data, such as publicly available information about actual events or transactions, and that reflect the assumptions that market participants would use when pricing the asset or …

A transaction that assumes exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities; it is not a forced transaction (eg a forced …

The market with the greatest volume and level of activity for the asset or liability. …

Compensation sought by risk-averse market participants for bearing the uncertainty inherent in the cash flows of an asset or a liability. Also referred to as a ‘risk …

The costs to sell an asset or transfer a liability in the principal (or most advantageous) market for the asset or liability that are directly attributable to the disposal of the asset or the transfer of the liability and meet both of the following …

The costs that would be incurred to transport an asset from its current location to its principal (or most advantageous) market. …

The level at which an asset or a liability is aggregated or disaggregated in a Standard for recognition purposes. …