The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MARKET VALUE Definition & Legal Meaning

Definition & Citations:

1. In an open and competitive market, a buyer willingly pays and a seller willingly takes this highest estimated, and acceptable, price for an item . 2. In Accounting, this is the estimated carrying, delivery, and selling costs deducted from the selling price to arrive at the true replacement cost of an item. Also refer to fair market value (FMV).


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