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- DictionaryMar·ket val·ue/ˈmärkət ˌvalyo͞o/
noun
- 1. the amount for which something can be sold on a given market: "insurance may only cover the current market value of your car"
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noun
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Price at which an asset would trade in a competitive auction setting
Market value or OMV (Open Market Valuation) is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value, although these terms have distinct definitions in different standards, and differ in some circumstances. Wikipedia