Asset Revaluation
/ˈæsɛt ˌriːˌvæljuˈeɪʃən/
Definitions
- (n.) The process of adjusting the book value of a company's asset to reflect its current fair market value.
The company performed an asset revaluation to update its balance sheet in accordance with market conditions.
Forms
- asset revaluation
Related terms
See also
Commentary
Typically used in accounting within legal contexts to reflect accurate asset values for financial statements, impacting shareholder rights and regulatory compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.