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FAIR VALUE - OECD

Statistics Directorate    
French Equivalent: Juste valeur - OCDE

Definition:
The price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.

Source Publication:
OECD Working Party on Private Pensions, 2005, “'Private Pensions: OECD Classification and Glossary, 2005 edition”, OECD, Paris.

Cross References:
Fair value - IMF
Market value - OECD(2)

Version Indicator: OECD

Statistical Theme: Financial statistics

Glossary Output Segments:
OECD Private Pensions

Created on Monday, January 20, 2003

Last updated on Tuesday, August 16, 2005