market value

The price for which an article is bought and sold in the ordinary course of business. 22 Am J2d Damg § 146. The price which would be agreed upon at a voluntary sale between an owner willing to sell and a purchaser willing to buy. 27 Am J2d Em D § 267. Of real estate:–the highest price obtainable in the open market for cash. Anno: 48 ALR 71, s. 68 ALR 152. The resultant of the prediction of many minds as to the usability of real property and probably financial returns from that use, projected into the future as far as reasonable, intelligent men can foresee the future. Palmer v Connecticut R. & Lighting Co. 311 US 544, 85 L Ed 336, 61 S Ct 379, reh den 312 US 713, 85 L Ed 1143, 61 S Ct 609. In condemnation proceedings, the fair market value. 27 Am J2d Em D § 267. As a standard of valuation for inheritance tax:–fair market price; cash value; actual value. Anno: 57 ALR 1158, s. 83 ALR 939 and 117 ALR 143. In order for it to be said that a thing has a market value, it is necessary that there shall be a market for such commodity-that is, a demand therefor and an ability from such demand to sell the same when a sale thereof is desired. 22 Am J2d Damg § 146. The courts have recognized the lack of correlation between "market value" and "book value" of corporate stock. Anno: 51 ALR2d 612. See clear market value; market price.

Ballentine's law dictionary. . 1998.

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 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 — 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 — (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

  • market value — 1) (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. 2) (open market value) The value of an asset if… …   Accounting dictionary

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