Informational Efficiency
The sense in which market efficiency is usually meant — a market in which prices always fully reflect the most up to date current information, so that market price equals the fair value of securities.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series XIX-C← All terms