gross negative fair value (GNFV)


A term that refers to the total value of derivatives payables contracts (i.e. when a financial institution holds derivatives contracts that have negative value). Used by counterparties to the contracts to assess the maximum potential for losses incurred if a financial institution defaults. Opposite of gross positive fair value.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Gross National Product gross negligence