fair cash value
- Actual cash value. The price which the property in question will bring in a fair market, after fair and reasonable efforts have been made to find the purchaser who will give the highest price; the fair or reasonable cash price for which the property can be sold in the market. Birmingham Fire Ins. Co. v Pulver, 126 Ill 329, 18 NE 804. The term as used in a statute providing that, upon a merger or consolidation of corporations, a dissenting stockholder shall be entitled to receive a "fair cash value" of his shares, means the intrinsic worth of his stock, which is to be arrived at after an appraisal of all the elements of value. Adams v United States Distributing Corp. 184 Va 134, 34 SE2d 244, 162 ALR 1227.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
fair cash value — The phrase is practically synonymous with reasonable value, fair market value, and actual cash value, meaning the fair or reasonable cash price for which the property can be sold on the Fair cash value for property tax purposes is interpreted as… … Black's law dictionary
fair market value — The amount at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts. By fair market value is meant the price in … Black's law dictionary
Fair market value — (FMV) is a term in both law and accounting that is based on the economics term of market value. It is also a common basis for assessing damages to be awarded for the loss of or damage to the property, generally in a claim under tort or a contract … Wikipedia
cash value — The cash value of an article or piece of property is the price which it would bring at private sale (as distinguished from a forced or auction sale); the terms of sale requiring the payment of the whole price in ready money, with no deferred… … Black's law dictionary
cash value — The amount for which an article or piece of property may be sold at a sale which is not forced or compelled upon the seller where the terms of sale call for cash, no credit being extended to the purchaser; market value, fair market value, or… … Ballentine's law dictionary
fair cash market value — Terms cash market value , fair market value , reasonable market value or fair cash market value are substantially synonymous. Fort Worth & D. N. Ry. Co. v. Sugg, Tex.Civ.App., 68 S.W.2d 570, 572 … Black's law dictionary
actual cash value — The price in cash obtainable in a fair market. The fair cash value. Birmingham Fire Ins. Co. v Pulver, 126 Ill 329, 18 NE 804. Cost of reproduction less depreciation, although important evidence of value, is not an exclusive test of actual cash… … Ballentine's law dictionary
actual cash value — n 1: the cost of replacing or repairing damaged property less any applicable depreciation 2: fair market value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
full cash value — For property tax purposes, that which is synonymous with market value; that estimate of value which is derived annually by the use of standard appraisal methods and techniques. Caldwell v. Department of Revenue, App., 122 Ariz. 45, 596 P.2d 45,… … Black's law dictionary
fair — 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 … Law dictionary