Define: Fair Value

UK Accounting Glossary

Definition: Fair Value


Quick Summary of Fair Value


The amount at which an asset or liability could be exchanged in an arm’s-length transaction between a willing buyer and a willing seller.




What is the dictionary definition of Fair Value?

Dictionary Definition



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Full Definition of Fair Value



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Fair Value FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/fair-value/
Modern Language Association (MLA):
Fair Value. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 20, 2019 https://payrollheaven.com/define/fair-value/.
Chicago Manual of Style (CMS):
Fair Value. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/fair-value/ (accessed: November 20, 2019).
American Psychological Association (APA):
Fair Value. PayrollHeaven.com. Retrieved November 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/fair-value/

Definition Sources


Definitions for Fair Value are sourced/syndicated from:


This glossary post was last updated: 23rd December 2018.