Net Operating Losses: How Much Are These "Assets" Really Worth?

Today's bankers face the daunting challenge of valuing a variety of intangible assets when making credit decisions. Unidentifiable intangibles like goodwill and identifiable intangibles related to technology-based assets like unpatented technologies, databases and trade secrets all pose significant valuation problems for commercial lenders. However, another class of intangibles recently has reappeared to further complicate underwriting decisions: the net operating loss (NOL) tax asset.

Main Author: Catanach, Anthony
Other Authors: Rhoades, Shelley
Format: Villanova Faculty Authorship
Language: English
Published: 2006
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