A revaluation is, as the name suggests, an adjustment in value. It can be applied to multiple situations across banking, finance, investment and business. It can, for example, refer to an adjustment (up or down) in the carrying value of a security or an asset on the books of a bank or company to create better alignment with fair value. It can refer to a property revaluation to adjust the level of business rates or other municipal taxes payable or to adjust the amount of balance sheet depreciation through the creation of revaluation reserves.

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