revaluation
B2CEFR level
60/100Rarity: rare
TechnicalRegister
Law noun
The upward restatement of an asset's carrying value to reflect its current worth.
A revaluation of the group's freehold estate lifted net assets on the balance sheet.
Business noun
The restatement of an asset's carrying value to its current fair value.
The revaluation of the head office lifted reported equity by several million pounds.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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