current value
Defined in 2 dictionaries — U.S. Code, Black's (1910)
United States Code
29 U.S.C. § 1002 — for purposes of this subchapter (10 versions over time)
The term “current value” means fair market value where available and otherwise the fair value as determined in good faith by a trustee or a named fiduciary (as defined in section 1102(a)(2) of this title) pursuant to the terms of the plan and in accordance with regulations of the Secretary, assuming an orderly liquidation at the time of such determination.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
The current value of imported commodities is their common market price at the place of exportation, without reference to the price actually paid by the importer. Tappan v. U. S., 23 Fed. Cas. 690.
Defined under Current in Black's Law Dictionary.