Market Value (Noun)
Meaning
The price at which buyers and sellers trade the item in an open marketplace.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The market value of the rare collectible car was estimated to be over a million dollars.
- To determine the market value of the property, the real estate agent compared similar homes in the area that had recently sold.
- The company's stock price plummeted when investors realized the market value of its assets was lower than previously thought.
- The artist's paintings have increased in market value over the years, making her estate extremely valuable.
- The appraiser's job was to determine the market value of the antique furniture for the estate sale.