As determined by FASB 157, an asset for which an accurate fair market value cannot be calculated. A pricing model may be able to provide an estimate, but are generally illiquid. A mortgage-backed security might be a Level 3 asset.
Related information about Level 3 asset:
- Level 3 Assets Definition | Investopedia
Assets whose fair value cannot be determined by using observable measures, such as market prices or models. Level 3 assets are typically very illiquid, and fair ...
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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition. Level 1, 2, and 3...
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Fair value, also called fair price (in a commonplace conflation of the two distinct concepts), is a concept used in accounting and economics, defined as a rational ...
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Definition of Level 3 asset: As determined by FASB 157, an asset for which an accurate fair market value cannot be calculated. A pricing model may be able to ...
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Nov 15, 2007 ... The Wall Street Journal's David Reilly has this explainer of an accounting rule much in the news these days: A new accounting standard — FAS ...
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On the other end of the spectrum, a Level 3 asset does not have a readily ... Level 3 Asset - an asset that is extremely illiquid and in which the value must be ...
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Jul 17, 2010 ... (A2) Once an institution trades a Level 3 asset at a price that reveals it to be in violation of the capital requirement, the institution is forced by the ...