Market Value Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Market Value, written in plain English, along with examples of how it is used.

What is Market Value?

(n) Market price is the value of a property or article , which it will fetch if sold then, under the circumstances and conditions prevailing in the market. Market value is the normal price a good may get when external influence affecting the salability is not existing.