8 The terms defined in IFRS 13, IFRS 9 and IAS 32 are used in this Standard with the meanings specified in Appendix A of IFRS 13, Appendix A of IFRS 9 and paragraph 11 of IAS 32. IFRS 13,IFRS 9 and IAS 32 define the following terms:
● amortised cost of a financial asset or financial liability
● derecognition
● derivative
● effective interest method
● effective interest rate
● equity instrument
● fair value
● financial asset
● financial instrument
● financial liability
and provide guidance on applying those definitions.
9 The following terms are used in this Standard with the meanings specified:
Definitions relating to hedge accounting
A "firm commitment" is a binding agreement for the exchange of a specified quantity of resources at a specified price on a
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