true value

noun

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

Dictionary Entries Near true value

Cite this Entry

“True value.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/true%20value. Accessed 25 May. 2024.

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