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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:
• ASA – American Society of Appraisers
• CBV Institute – Chartered Business Valuators Institute
• RICS – Royal Institution of Chartered Surveyors
• TAQEEM – Saudi Authority for Accredited Valuers
This Glossary updates the International Glossary of Business Valuation Terms originally published
in 2001.