Actual Cash Value
ACTUAL CASH VALUE
The fair or reasonable cash price for which a property could be sold in the market in the ordinary course of business, and not at forced sale. The priceit will bring in a fair market after reasonable efforts to find a purchaser who will give the highest price. What property is worth in money, allowing for depreciation. Ordinarily, actual cash value, fair market value, and market value are synonymous terms.
More From encyclopedia.com
Market Value , MARKET VALUE
The highest price a willing buyer would pay and a willing seller would accept, both being fully informed, and the property being exposed… Exchange Value , Exchange value refers to “the power of purchasing other goods which the possession of [an] object conveys” (Smith [1776] 1960, p. 32); in other words… Values , Values
The term “values” may refer to interests, pleasures, likes, preferences, duties, moral obligations, desires, wants, needs, aversions and attra… Intrinsic Value , A thing's intrinsic value is the value it has in itself as opposed to the instrumental value it derives from causally producing something else. Such… Surplus Value , For Karl Marx, surplus value is critical to the expansion of capital. In the money circuit M – C – M ’, capitalists purchase commodities (C ) with mo… Goodwill , Goodwill is a type of intangible business asset. It is defined as the difference between the fair market value of a company's assets (less its liabil…
You Might Also Like
NEARBY TERMS
Actual Cash Value