Level 1 Asset

Business, Legal & Accounting Glossary

Definition: Level 1 Asset


Level 1 Asset


Full Definition of Level 1 Asset


As determined by FASB 157, an asset which has a reliable fair market value; something you can look up and get a current quote on a major exchange. Level 1 assets include many publically traded stocks, bonds, and funds.


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Level 1 Asset. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/level-1-asset/.
Chicago Manual of Style (CMS):
Level 1 Asset. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/level-1-asset/ (accessed: March 29, 2024).
American Psychological Association (APA):
Level 1 Asset. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/level-1-asset/

Definition Sources


Definitions for Level 1 Asset are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.