Value of property as established by the price a willing buyer would pay for property purchased from a willing seller, compared with the replacement cost of damaged or destroyed property minus depreciation and obsolescence.
Market Value Vs. Actual Cash Value
| Business Dictionary: Market Value Vs. Actual Cash Value |
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 | Market Value Clause (business term) |
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 | Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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