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Meaning / Definition of
Level 2 Asset
Categories: Mutual Funds, Stocks, Investing and Trading, Bonds and Treasuries,
As determined by fasb 157, an asset which does not have a fair market value that can be looked up, but instead is able to be calculated from other data points. A Level 2 asset might be listed on a non-active market, or be valued by a specific pricing model.
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