Below please find a definition of “Market Value”
Market Value: The highest current value of an asset that a buyer is willing to pay a seller and the value that is seller is willing to accept on a given market is termed as the market value. In simple terms, the price at which an item will sell within a reasonable period of time is termed as the market value of the item. For example, during fall season the market value of a sweater is $24.95. However during the onset of spring season the market value of the same sweater could be $9.95 since people are no longer interested in fall clothing at the time.
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