Business description of Cinemark-Holdings-Inc from last 10-k form

Level 1

   —    quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date;

Level 2

   —    other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly or indirectly; and

Level 3

   —    unobservable and should be used to measure fair value to the extent that observable inputs are not available.