Search results for: “fair market value”
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Marketable Title
Such title to land as is free from reasonable doubt in law and in fact; not merely a title valid in fact, but one which readily can be sold or mortgaged to a reasonably prudent purchaser or mortgagee ; one that is free from material defects, or grave doubts, and reasonably free […]
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Fair Cash Value
Fair Cash Value in the context of Real Property See: Market Value in this legal Dictionary.
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Marketable Securities
Marketable Securities Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Marketable Securities in a way that is easy for anybody to understand: Stocks and other negotiable instruments which can be easily […]
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Appreciation in Value
United States Tax Concept of Appreciation in Value Appreciation in Value is the increase in the value of an asset which is due to economic and other conditions, as distinguished from increases in value due to improvements or additions made to it. When you sell appreciated property, you pay tax […]
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Fair Market Price
Amount at which an asset would change hands between two parties, both having knowledge of the relevant facts. Also referred to as market price….
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Fair Actual Value
The price which a prudent man desiring to invest in property might reasonably be expected to pay. Also referred to as fair market value.
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Amount Realized
A term defined in ç 1001(b) of the I.R.C. as (subject to some arcane qualifications) the money, plus the fair market value of any property, received upon the sale or other disposition of property. It is one of the quantities that must be determined in order to calculate realized gain or […]
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Block Busting
Concept of Block Busting in the context of Real Property A short definition of Block Busting: An illegal method of obtaining houses at below fair market value by telling the inhabitants that people of a different race or religion, moving into the area, will cause property values to fall.
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Inclusion Amount
United States Tax Concept of Inclusion Amount The calculated amount you must add back to your income if the fair market value of your leased business automobile is above a certain amount. This limits your deduction for lease payments so that you can only deduct the amount you would have been […]
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Bargain Sale
United States Tax Concept of Bargain Sale to Charity The sale of property to a charity at a price that’s less than the fair market value. Under certain circumstances this may result in a tax deduction or taxable income to you. If the property has appreciated in value you must allocate your […]
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Summary Foreclosure Of Tax Liens
In addition to other remedies provided by law, the tax collector of any municipality may bring in its name an action in the nature of an action in rem to foreclose a tax lien or liens on real estate (more in the U.S.) the fair market value of whi…
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Purchase Accounting
Method of accounting for a merger in which the acquirer is treated as having purchased the assets and assumed liabilities of the acquiree, which are all written up or down to their respective fair market values, the difference between the purchase price and the net assets acquired being […]
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Poison Pill
Anit-takeover device that gives a prospective acquiree’s shareholders the right to buy shares of the firm or shares of anyone who acquires the firm at a deep discount to their fair market value. Named after the cyanide pill that secret agents are instructed to swallow if capture is imminent….
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Bargain-Purchase-Price Option
Gives the lessee the option to purchase the asset at a price below fair market value when the lease expires….
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Special Purpose Or Use
In eminent domain proceedings, while the compensation payable to owner for property that has been appropriated, is generally the fair market value of the property, its adaptability for a special purpose or use may be considered as an element of value. See, e.g., Newton Girl Scouts Counsel Inc. […]