Fair value means the price that would be paid in an arm’s-length transaction between an informed and willing seller under no compulsion to sell, and an informed and willing buyer under no compulsion to buy.
我做商业评估的,从我的工作上看,Fair Value 的最大用途就是For accounting purpose. 因为规例上的要求,很多资产或负债都要评估它的fair value.
In accounting, fair value is used as an estimate of the market value of an asset (or liability) for which a market price cannot be determined (usually because there is no established market for the asset). This is used for assets whose carrying value is based on market-to-market valuations; for assets carried at historical costs, the fair value of the asset is not used.