Valuation Glossary

Balance sheet reformulation is the process of reorganizing and adjusting a company's balance sheet to provide a clearer and more analytical presentation of its financial position.

Available-for-Sale (AFS) securities are financial assets that a company does not intend to hold until maturity nor trade in the short term.

Asset-Backed Commercial Paper (ABCP) is a short-term investment vehicle with a maturity typically between 90 and 270 days, backed by physical assets or other financial assets. These assets can include receivables, loans, or other cash-flow-generating assets.

An Asset Purchase Agreement (APA) is a legal contract between a buyer and a seller outlining the terms and conditions under which specific assets of a company will be purchased.

An asset deal is a type of business transaction where a buyer purchases specific assets of a company rather than buying the company's stock or equity.