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Exchange Transaction

A transaction (contrary to a non-exchange transaction) in which an entity receives assets or services from another and directly gives...

Non-Exchange Liability

A liability that results from a non-exchange transaction. It is a liability incurred by an entity without directly receiving any...

Entity-Specific Value

In connection with assets, it is the present value of the cash flows that are expected to result from the...

Liability FV

The fair value of a liability is the price that would be paid to transfer a liability in an orderly...

Liability Fair Value

The fair value of a liability is the price that would be paid to transfer a liability in an orderly...

Fair Value of a Liability

The fair value of a liability is the price that would be paid to transfer a liability in an orderly...

Amortized Cost

The monetary amount at which a financial asset or financial liability is measured at the time it is first recognized...

Duration Gap

A measure of the mismatch between assets and liabilities. By definition, it is the weighted duration of assets minus the product of the...

Legal Liability

A liability (financial obligation) that arises from an entity's actions and the others' expectations built on such actions where the...

Legal Obligation

A liability (financial obligation) that arises from an entity's actions and the others' expectations built on such actions where the...