fair market value
41value — val·ue 1 / val yü/ n 1 a: a fair return or equivalent in goods, services, or money for something exchanged received good value for the price b: valuable consideration at consideration …
42fair — adj 1: characterized by honesty and justice: free from self interest, deception, injustice, or favoritism a fair and impartial tribunal 2: reasonable as a basis for exchange a fair wage a fair valuation 3: consistent with merit or importance …
43fair value — n 1: a reasonable value (as one set by courts and regulatory commissions) for property 2: fair market value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
44fair value — fair market value The amount of money for which it is assumed an asset or liability could be exchanged in an arm s length transaction between informed and willing parties. The concept is essential in acquisition accounting and is covered in… …
45clear market value — The sum which property will bring on a fair sale when sold by willing seller not obliged to sell to a willing buyer not obliged to buy. 28 Am J Rev ed Inher T § 359 …
46value — The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists value in use, or its worth consisting in the power of purchasing other objects, called value in exchange. Joint Highway… …
47value — The importance placed on something by an individual. Value is subjective and may change according to the circumstances. Something that may be valued highly at one time may be valued less at another time. The CENTER ONLINE Futures Glossary * * * ▪ …
48fair value — Present market value; such sum as the property will sell for to a purchaser desiring to buy, the owner wishing to sell; such a price as a capable and diligent business man could presently obtain from the property after conferring with those… …
49fair value — Present market value; such sum as the property will sell for to a purchaser desiring to buy, the owner wishing to sell; such a price as a capable and diligent business man could presently obtain from the property after conferring with those… …
50fair value — For the purpose of, and as a base for, fixing the rates of a public utility:–the present value of the property of the utility as determined, not by formula, such as original cost, prudent investment, or cost of reproduction, but by consideration… …
