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Fair Value
A measure of the estimated price at which an asset or liability could be traded in a transaction between willing parties, other than in a liquidation sale.
FASB
stands for Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards for companies and nonprofits in the United States.
Orderly Transaction
A financial transaction conducted in an organized manner without urgent pressure from either the buyer or seller, often ensuring fair market values are achieved.
Market Participants
Individuals or entities engaged in buying, selling, or trading securities, commodities, and other financial instruments in financial markets.
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