market value
Defined in 1 place of the United States Code.
The term “market value” means the most probable price which a property should bring in a competitive and open market if—
(I) all conditions requisite to a fair sale are present,
(II) the buyer and seller are acting prudently and are knowledgeable, and
(III) the price is not affected by any undue stimulus.
Source
- 1994–present12 U.S.C. § 1441ABanks and Banking · Thrift Depositor Protection Oversight Board and Resolution Trust Corporation · under this section