Fairness Opinion

A formal opinion, typically from an investment bank, stating whether the financial terms of a proposed transaction are fair to shareholders from a financial point of view — often a board-governance requirement in public M&A.

Go deeper

This term comes up constantly in investment banking interviews and on the desk.

Investment Banking interview prep

Related Investment Banking terms

Go further than reading

The written material is free. These are the ways to get it applied to your own work.

Browse the full glossary — 150+ finance recruiting and technical terms, in plain English.