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Banking Knowledge Update
Fair Value
This represents the likely price at which an asset (or debt) could be sold on financial markets. It is estimated either from market prices when these are available or with the discounted value of future cash flows. Thus fair value (not market value) indicates only estimates of prices.
Thought of the Day
If you hear a voice within you say "you cannot paint," then by all means paint, and that voice will be silenced.
- Vincent Van Gogh
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