Fair Value
The estimated market price of an asset or liability in an arm’s length transaction between informed, willing parties. It reflects what something is worth under current market conditions, not just historical cost. Fair value is used in financial reporting, especially for investments and revaluations.
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Finance Charge
The total cost incurred for borrowing money or using credit. It includes interest, service fees, and other related costs. In…
Fixed Deposit
A financial instrument offered by banks where a sum of money is invested for a fixed term at a predetermined…
Foreign Exchange Gain or Loss
The financial impact resulting from changes in currency exchange rates during international transactions. When exchange rates fluctuate between the transaction…
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