Level 1 definition
Examples of Level 1 in a sentence
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities.
Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs.
Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs.