"active market"

A market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.

"cost approach"

A valuation technique that reflects the amount that would be required currently to replace the service capacity of an asset (often referred to as current replacement cost).

"entry price"

The price paid to acquire an asset or received to assume a liability in an exchange transaction.

"exit price"

The price that would be received to sell an asset or paid to transfer a liability.

"expected cash flow"

The probability-weighted average (ie mean of the distribution) of possible future cash flows.

"fair value"