Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Fair value (IFRS definition)

IFRS defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The IFRS definition of fair value is assumed in the INREV Guidelines, except where specifically mentioned otherwise.

Source: INREV | Date: 23 March 2020 | ID: D0198 | Version: 5