Ballentine's law dictionary. Anderson, W.S.. 1998.
fair market value — The *price of an asset in the context of an *arm’s length transaction in a *free market. Compare *book value and *market value … Auditor's dictionary
book value — 1. . The historical cost of an asset recorded in a *general ledger. Book values do not take account of *revaluations and, in financial statements, they are normally stated net of any *amortization. Contrast *fair market value. 2. An alternative… … Auditor's dictionary
Adjusted Book Value — A measure of a company s valuation after liabilities, including off balance sheet liabilities, and assets are adjusted to reflect true fair market value. The potential downside of using an adjusted book value is that a business could be worth… … Investment dictionary
Modified Book Value — An asset based method of determining how much a business is worth by adjusting the value of its assets and liabilities according to their fair market value. This technique also includes the value of all of the business’s intangible assets… … Investment dictionary
fair value — For the purpose of, and as a base for, fixing the rates of a public utility:–the present value of the property of the utility as determined, not by formula, such as original cost, prudent investment, or cost of reproduction, but by consideration… … Ballentine's law dictionary
value — val·ue 1 / val yü/ n 1 a: a fair return or equivalent in goods, services, or money for something exchanged received good value for the price b: valuable consideration at consideration … Law dictionary
value — The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists value in use, or its worth consisting in the power of purchasing other objects, called value in exchange. Joint Highway… … Black's law dictionary
value — The importance placed on something by an individual. Value is subjective and may change according to the circumstances. Something that may be valued highly at one time may be valued less at another time. The CENTER ONLINE Futures Glossary * * * ▪ … Financial and business terms
fair value hedge — A type of hedge defined by FAS 133. An entity may designate a derivative instrument as hedging the exposure to changes in the fair value of an asset or a liability, or a portion of an asset or a liability. Certain requirements must be met to… … Financial and business terms
Value manager — A manager who seeks to buy stocks that are at a discount to their fair value and sell them at or in excess of that value. Often a value stock is one with a low price to book value ratio. The New York Times Financial Glossary … Financial and business terms
