cash value

cash value
The cash value of an article or piece of property is the price which it would bring at private sale (as distinguished from a forced or auction sale); the terms of sale requiring the payment of the whole price in ready money, with no deferred payments. Actual value or market value. Fort Worth & D. N. Ry. Co. v. Sugg, Tex.Civ.App., 68 S.W.2d 570, 572.
Clear market value or fair market value. Price property will bring on sale by one desiring, but not compelled, to sell to one desiring but not compelled, to purchase. Insurance Co. of North America, v. McCraw, 255 Ky. 839, 75 S.W.2d 518, 520.
Saleable value. In re Lang Body Co., C.C.A.Ohio, 92 F.2d 338, 340.
Value at which property would be taken in payment of just debt from solvent debtor. Bank of Fairfield v. Spokane County, 173 Wash. 145, 22 P.2d 646, 652.
See also actual cash value
- cash surrender value

Black's law dictionary. . 1990.

Look at other dictionaries:

  • cash value — n: market value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. cash value …   Law dictionary

  • Cash value — The cash value of an insurance contract, also called the cash surrender value or surrender value, is the cash amount offered to the policyowner by the issuing life carrier upon cancellation of the contract. This term is normally used with a life… …   Wikipedia

  • cash value — The amount for which an article or piece of property may be sold at a sale which is not forced or compelled upon the seller where the terms of sale call for cash, no credit being extended to the purchaser; market value, fair market value, or… …   Ballentine's law dictionary

  • cash value — noun : the amount available to the owner of a life insurance policy upon termination before maturity, being the reserve held by the company against the policy less the surrender charge if any * * * Insurance. the nonforfeiture value of a life… …   Useful english dictionary

  • cash value — See actual cash value …   Dictionary of automotive terms

  • cash value — Insurance. the nonforfeiture value of a life insurance policy payable to the insured in cash upon its surrender. Also called cash surrender value, surrender value. [1895 1900] * * * …   Universalium

  • Cash-Value Life Insurance — A type of life insurance policy that pays out upon the policyholder s death, and also accumulates value during the policyholder s lifetime. The policyholder can use the cash value as a tax sheltered investment (the interest and earnings on the… …   Investment dictionary

  • Cash Value Added - CVA — A measure of the amount of cash generated by a company through its operations. It is computed by subtracting the operating cash flow demand from the operating cash flow from the cash flow statement. Cash value added is similar to economic value… …   Investment dictionary

  • Cash Value Added — Der Cash Value Added (CVA) ist eine Residualgewinngröße auf der Basis des Cash Flow Return on Investment (CFROI). Inhaltsverzeichnis 1 Berechnung 2 Bewertung 3 Kritik 4 Literatur …   Deutsch Wikipedia

  • cash value option — The right of an owner of life insurance policy to take the cash value of a policy which is a predetermined amount at a given point in time; generally limited to a specified period after default in premium payments …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.