Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
actual market value
See fair market value.
actual market value.
See fair market value under VALUE.
clear market value
See fair market value under VALUE.
current market value
The price at which an asset can be sold within the present accounting period.
fair cash market value
See fair market value under VALUE.
fair market value
The price that a seller is willing to accept and a buyer is willing to pay on the open market and in an arm's-length transaction; the point at which supply and demand intersect. - Abbr. FMV. - Also termed actual value; actual cash value; actual market value; cash value; clear market value; fair and reasonable value; fair cash market value; fair cash value; fair market price; fair value; full value; just value; market value; salable value; true value. "[A] forced sale price is not fair value though it may be used as evidence on the question of fair value. Likewise, the fair value of saleable assets is not what they would sell for in the slow process of the debtor's trade as if the debtor were continuing business unhampered. The general idea of fair value is the amount of money the debtor could raise from its property in a short period of time, but not so short as to approximate a forced sale, if the debtor operated as a reasonably prudent and diligent businessman with his interests in mind, especially a proper concern for the payment of his debts." David G. Epstein et al., Bankruptcy ยง fr18, at 307 (1993).
market value
See fair market value.
market value at the well
Oil & gas. The value of oil or gas at the place where it is sold, minus the reasonable cost of transporting it and processing it to make it marketable.