clear market value

clear market value
Sum which property would bring on a fair sale by a willing seller not obliged to sell to a willing buyer not obliged to buy, or fair market value, or cash value. With regard to inheritance tax, highest price obtainable.

Black's law dictionary. . 1990.

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  • clear market value — Sum which property would bring on a fair sale by a willing seller not obliged to sell to a willing buyer not obliged to buy, or fair market value, or cash value. With regard to inheritance tax, highest price obtainable. See fair market value …   Black's law dictionary

  • clear market value — The sum which property will bring on a fair sale when sold by willing seller not obliged to sell to a willing buyer not obliged to buy. 28 Am J Rev ed Inher T § 359 …   Ballentine's law dictionary

  • market value — The price property would command in the open market. The highest price a willing buyer would pay and a willing seller accept, both being fully informed, and the property being exposed for a reasonable period of time. The market value may be… …   Black's law dictionary

  • market value — The price property would command in the open market. The highest price a willing buyer would pay and a willing seller accept, both being fully informed, and the property being exposed for a reasonable period of time. The market value may be… …   Black's law dictionary

  • market value — The price for which an article is bought and sold in the ordinary course of business. 22 Am J2d Damg § 146. The price which would be agreed upon at a voluntary sale between an owner willing to sell and a purchaser willing to buy. 27 Am J2d Em D § …   Ballentine's law dictionary

  • fair market value — Actual value or value in money. Re Patton, 227 Wis 407, 278 NW 866, 117 ALR 140. That which property will sell for as between one who wants to purchase and one who wants to sell; in the absence of a ready market and a market price, a constructive …   Ballentine's law dictionary

  • clear market price — Fair market price. See fair market value …   Black's law dictionary

  • clear market price — Fair market price. See fair market value …   Black's law dictionary

  • fair market value — noun : a price at which both buyer and seller are willing to do business * * * fair market value, a value established by a buyer with a clear intention to buy and a seller with a clear intention to sell, both of whom are acquainted with market… …   Useful english dictionary

  • clear value — Net value after deductions. Bouse v Hutzler, 180 Md 682, 26 A2d 767, 141 ALR 843. See clear market value …   Ballentine's law dictionary

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