"Available for Sale (AFS) Accounting classification under Statement of Financial Accounting Standards (SFAS) 115, Accounting for Certain Investments in Debt and Equity Securities. AFS securities are those which management does not have the positive intent and ability to hold to maturity. Securities classified AFS must be recorded at fair market value each period, with unrealized gains or losses recorded as a contra asset. AFS securities may be sold freely to generate liquidity or to rebalance the investment portfolio. "