market value
Definition of market value
: the price at which something can be sold : the price that buyers are willing to pay for something determining the car's market value The house sold below market value.
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Word by Word Definitions
: a meeting together of people for the purpose of trade by private purchase and sale and usually not by auction
: the people assembled at such a meeting
: a public place where a market is held
: to expose for sale in a market
: sell
: to deal in a market
: the monetary worth of something : market price
: a fair return or equivalent in goods, services, or money for something exchanged
: relative worth, utility, or importance
: to consider or rate highly : prize, esteem
: to estimate or assign the monetary worth of : appraise
: to rate or scale in usefulness, importance, or general worth : evaluate
Law Dictionary
market value
Legal Definition of market value
1 : the price at which a buyer is ready and willing to buy and a seller is ready and willing to sell
2 : market price 1
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