The Law Dictionary

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

NET REALIZABLE VALUE (NRV) Definition & Legal Meaning

Definition & Citations:

Inventory or receivables valuation’s financial accounting calculation. Calculated for inventory accounting as: sold asset’s expected return minus asset’s sale expenses. Calculated for receivables accounting as: amount due minus outstanding balance recovery cost.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.