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WordNet-Online
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Definitions from the WebMark-to-MythDefinition:Mark-to-Myth is a financial accounting practice where the value of an asset or security is based on subjective and speculative measures rather than objective market prices. Senses:Sense 1 (Noun):A method of valuation used in accounting, primarily in the financial industry, which allows assets to be valued unrealistically, often resulting in an overvaluation. Example sentence: The mark-to-myth practice contributed to the collapse of several financial institutions during the economic crisis. Sense 2 (Verb):The act of intentionally inflating or misleading the value of an asset or security on financial statements through subjective reporting. Example sentence: Some companies were accused of mark-to-myth practices to boost their reported profits. Related Products:Check out these related products on Amazon: | ||||
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