cash value

cash value
The cash value of an article or piece of property is the price which it would bring at private sale (as distinguished from a forced or auction sale); the terms of sale requiring the payment of the whole price in ready money, with no deferred payments. Actual value or market value. Fort Worth & D. N. Ry. Co. v. Sugg, Tex.Civ.App., 68 S.W.2d 570, 572.
Clear market value or fair market value. Price property will bring on sale by one desiring, but not compelled, to sell to one desiring but not compelled, to purchase. Insurance Co. of North America, v. McCraw, 255 Ky. 839, 75 S.W.2d 518, 520.
Saleable value. In re Lang Body Co., C.C.A.Ohio, 92 F.2d 338, 340.
Value at which property would be taken in payment of just debt from solvent debtor. Bank of Fairfield v. Spokane County, 173 Wash. 145, 22 P.2d 646, 652.
See also actual cash value
- cash surrender value

Black's law dictionary. . 1990.

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