Legal Definition of true value
1
: fair market value
— called also true cash value
2
: the depreciated book value of personal property for purposes of taxation of such property used in business
Learn More About true value
Cite this Entry
“True value.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/true%20value. Accessed 27 May. 2022.
Style: MLA
MLA
Chicago
APA
Merriam-Webster
Chicago
APA
Merriam-Webster
Test Your Vocabulary
Which Word Does Not Belong?
-
- Which of these words does not mean "nonsense"?
Can you spell these 10 commonly misspelled words?
TAKE THE QUIZ
A daily challenge for crossword fanatics.
TAKE THE QUIZLove words? Need even more definitions?
Merriam-Webster unabridged
Words at Play
-
You're (Probably) Saying It Wrong
18 words even you might be mispronouncing
-
Great Big List of Beautiful & Useless Words
Along with their degrees of usefulness
-
12 French Phrases from Downton Abbey
Many of us have an 'idée fixe'
-
Rare and Amusing Insults, Volume 2
Sometimes a 'cacafuego' can be a real 'slubberdeg...
Ask the Editors
Word Games
-
What’s on the Menu?
Sink your teeth into these questions about food.
Take the quiz
-
The Great British Vocabulary Quiz
Make sure you know the difference between a loo a...
Take the quiz
-
Yearbook Superlatives Quiz
"Most Likely to Use Obscure Words"
Take the quiz
-
Lexigo
Find the hidden words by solving the clues
Take the quiz
Share true value