Examlex
How does the use of collateral and net worth help reduce the problem of adverse selection?
Unrealized Loss
An unrealized loss occurs when an asset's value decreases after it is purchased but before it is sold, reflecting a decrease in value that has not been realized through a transaction.
Fair Value
The estimated price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.
Income Statement
A financial statement that shows a company's revenues and expenses, culminating in a net profit or loss over a specific period.
Other than Temporary
A designation for impairments or losses that are expected to be permanent or long-lasting rather than temporary fluctuations.
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