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Refinance and Mortgage Encyclopedia - value

Value

Ability to command goods, including money, in exchangeWhen ownership of like-kind properties are transferred between two or more owners; can result in postponement; the quantity of goods, including money, which should be commanded or received in exchange for the thing valued; utilityThe usefulness of a property; its ability to satisfactorily function for the purpose for which it was intended.; desirability. As applied to a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. value may be broadly defined as "the present worth of all the rights to future benefitsThe anticipated benefits the present owner will receive from the property in the future. arising from ownershipThe right of one or more persons to possess and use property to the exclusion of all others. A collection".

Value

Present worth of future benefitsThe anticipated benefits the present owner will receive from the property in the future. arising out of ownershipThe right of one or more persons to possess and use property to the exclusion of all others. A collection to typical users/investors.

Value

The termsThe specific conditions of a loan, including the requirements governing receipt and repayment of a loan. "full value", "full cash valueArizona Revised Statutes defines Full Cash Value (FCV) as being synonymous with market value. For assessment", "cash valueThe savings element of a permanent life insurance policy, which represents the policy owner's interest in the policy.", "actual value" and "fair market valueWhat a qualified buyer will pay for goods, services, or property." mean the priceThe dollar amount that was offered, asked, or actually paid for a property. at which a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself., if exposed for sale in the open market with a reasonable time for the sellerA person who makes a transfer of title to real estate. to find a purchaser, would transferChange of jurisdiction over real property from one Federal agency or department to another, including for cashMoney or its equivalent (checks, banknotes, etc.). or its equivalent under prevailing market conditionsProvisions of an insurance policy that state the rights and duties of the insured or the insurance company. between partiesThose entities taking part in a transaction as a principal, e.g., seller, buyer, or lender in a real estate transaction. who have knowledge of the uses to which the property may be putAn option contract that gives the holder the right but not the obligation to sell a specified quantity, both seeking to maximize their gains and neither being in a positionAn interest in the market, either long or short, in the form of one or more open contracts. to take advantage of the exigencies of the other.
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