The price that would be received from selling an asset or paid for transferring a liability in an orderly transaction between market participants at the measurement date. This implies the same concept of fair value, which is by definition a current exit price, not an entry price. Current exit price is the monetary amount for which an asset is, or might be, sold or a liability is, or might be, refinanced. The price generally corresponds to the selling price under conditions of orderly market (orderly transactions), rather than forced liquidation, at the time of measurement.

Current exit price accounting assumes that assets and liabilities are revalued at net realizable value (NRV) which can generally be obtained from market quotations adjusted for estimated selling costs and as such correspond to the quoted sales prices pertaining to the demand market.