market value fairly determined
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 319 U.S. 266 - United States ex rel. Tennessee Valley Authority v. Powelson · 1943Most cited · 1,061 citing opinions
An owner of lands sought to be condemned is entitled to their 'market value fairly determined.' That value may reflect not only the use to which the property is presently devoted but also that use to which it may be readily converted.