Fair Market Value - The sale between a willing buyer and seller, without duress, using a normal marketing time period in which to complete the sale.

Orderly Liquidation Value - A forced sale value, with the sale held on a planned, managed and negotiated basis, typically when the company is not in bankruptcy. This value scenario assumes a shorter time period to sell the inventory, generally to several potential markets.

Bulk Sale Value - A forced sale value with the company in bankruptcy. The value scenario considers the negotiated sale of the inventory in a single large bulk or several bulk lots, with the potential markets limited to bulk or secondary buyers. This value scenario assumes a shorter time period to sell the inventory.

Auction Value - Typically a forced sale value with the company in bankruptcy. The value scenario considers the sale of the inventory as individual items or in select bulk lots, with the potential markets limited to fewer users and more secondary or bulk buyers as of the auction date.