reasonable value

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• reasonable — rea·son·able adj 1 a: being in accordance with reason, fairness, duty, or prudence b: of an appropriate degree or kind c: supported or justified by fact or circumstance a reasonable belief that force was necessary for self defense d …   Law dictionary

• reasonable — rea‧son‧a‧ble [ˈriːznəbl] adjective 1. fair and sensible: • The company maintained that its bills were reasonable. • The restaurant sells good food at reasonable prices (= prices that are not too high ) . • The law requires the employer to take …   Financial and business terms

• value — val·ue 1 / val yü/ n 1 a: a fair return or equivalent in goods, services, or money for something exchanged received good value for the price b: valuable consideration at consideration …   Law dictionary

• fair and reasonable value — See fair market value fair value just compensation …   Black's law dictionary

• fair and reasonable value — See fair market value fair value just compensation …   Black's law dictionary

• value — The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists value in use, or its worth consisting in the power of purchasing other objects, called value in exchange. Joint Highway… …   Black's law dictionary

• reasonable — Not extreme. Not arbitrary, capricious, or confiscatory. Public Service Com, v Haverneyer, 296 US 506, 80 L Ed 357, 56 S Ct 360. What is reasonable depends upon a variety of considerations and circumstances. It is an elastic term which is of… …   Ballentine's law dictionary

• value — val·ue || væljuː n. monetary or material worth; importance, merit; reasonable price, adequate return; numerical quantity; moral standards (generally used as values ); length of a musical note; shade of a color; intended sound of letter v.… …   English contemporary dictionary

• reasonable — 1. Fair, logical, and justifiable. Auditors are normally required, through the assessment of *audit evidence, to judge the reasonableness of matters under review: These may range from *financial statement items to operational *procedures to… …   Auditor's dictionary

• fair cash value — The phrase is practically synonymous with reasonable value, fair market value, and actual cash value, meaning the fair or reasonable cash price for which the property can be sold on the Fair cash value for property tax purposes is interpreted as… …   Black's law dictionary

• fair cash value — The phrase is practically synonymous with reasonable value, fair market value, and actual cash value, meaning the fair or reasonable cash price for which the property can be sold on the Fair cash value for property tax purposes is interpreted as… …   Black's law dictionary