current value
Defined in 1 place of the United States Code.
The term “current value” means fair market value where available and otherwise the fair value as determined in good faith by a trustee or a named fiduciary (as defined in section 1102(a)(2) of this title) pursuant to the terms of the plan and in accordance with regulations of the Secretary, assuming an orderly liquidation at the time of such determination.
Source
- 1994–present29 U.S.C. § 1002Labor · Definitions · for purposes of this subchapter