A sort of deprival value for a liability (only used for the measurement of specific types of liabilities). It is the amount by which an entity (already having assumed the liability- that is, having recognized it on its balance sheet) would be better off if it were relieved from the liability (by means of transferring it to a third party). As a measure of relief, a replacement liability (an entry price) is normally used. That is, a liability may be replaced, earlier than its expiration or maturity date, by a more favorable liability with similar features.
Relief value represents an accounting measurement tool that determines the value of a liability based on the action that an entity would take if it were to be relieved of such a liability.
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