- market value
- The price property would command in the open market. The highest price a willing buyer would pay and a willing seller accept, both being fully informed, and the property being exposed for a reasonable period of time. The market value may be different from the price a property can actually be sold for at a given time (market price).The market value of an article or piece of property is the price which it might be expected to bring if offered for sale in a fair market; not the price which might be obtained on a sale at public auction or a sale forced by the necessities of the owner, but such a price as would be fixed by negotiation and mutual agreement, after ample time to find a purchaser, as between a vendor who is willing (but not compelled) to sell and a purchaser who desires to buy but is not compelled to take the particular article or piece of property. U. S. v. Certain Property in Borough of Manhattan, City, County and State of New York, C.A. N.Y., 403 F.2d 800, 802.See also actual market value+ market valueFair value of property as between one/ who wants to purchase it and another who desires to sell it. What willing purchaser will give for property under fair market conditions. People v. F. H. Smith Co., 230 App.Div. 268, 243 N.Y.S. 446, 451.Not what the owner could realize at a forced sale, but the price he could obtain after reasonable and ample time, such as would ordinarily be taken by an owner to make a sale of like property. Wade v. Rathbun, 23 Cal.App.2d Supp. 758, 67 P.2d 765, 766.
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Look at other dictionaries:
market value — n 1: the price at which a buyer is ready and willing to buy and a seller is ready and willing to sell 2: market price (1) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
market value — market capitalization The value of a company obtained by multiplying the number of its issued ordinary shares by their market price This may differ widely from the book value of the company. (open market value; OMV) The value of an asset if it… … Big dictionary of business and management
market value — n [U and C] 1.) the value of a product, building etc based on the price that people are willing to pay for it, rather than the cost of producing it or building it 2.) the total value of all the ↑shares on a ↑stock market, or the value of a… … Dictionary of contemporary English
market value — ► NOUN ▪ the amount for which something can be sold in an open market … English terms dictionary
market value — n. the price that a commodity can be expected to bring when sold in a given market … English World dictionary
market value — noun singular or uncount BUSINESS the amount of money that something is worth or can be sold for at a particular time … Usage of the words and phrases in modern English
Market value — For values of entire markets, see Market size. Market value is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value, although… … Wikipedia
market value — The value of a financial instrument based upon the price at which a financial instrument is purchased or sold or the price at which it could presumably be purchased or sold. For an equity instrument, the product of the number of shares times the… … Financial and business terms
market value — The price property would command in the open market. The highest price a willing buyer would pay and a willing seller accept, both being fully informed, and the property being exposed for a reasonable period of time. The market value may be… … Black's law dictionary
Market value — (1) The price at which a security is trading and could presumably be purchased or sold. (2) The value investors believe a firm is worth; calculated by multiplying the number of shares outstanding by the current market price of a firm s shares.… … Financial and business terms