Business valuation providers and users benefit from common understanding of terms with clearly established meanings and consistent application throughout the profession.

To this end the following societies and organizations have worked collaboratively to compile definitions for the terms included in this Glossary:

This Glossary updates the International Glossary of Business Valuation Terms originally published in 2001.

This Glossary was developed as part of ongoing efforts to harmonize definitions for terms used in business valuation. It is intended to be a reference tool to facilitate communication within the business valuation profession and with relevant stakeholders and users. This Glossary is designed to be helpful but is neither authoritative nor prescriptive.

To that end, the Glossary aims to provide a common understanding of technical terms used within the various subpractice areas of business valuation and for those operating in different markets. Users of valuation services are encouraged to familiarize themselves with the...

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