Fair Valuation Law and Legal Definition
Fair valuation means "the reasonable estimate of what could be realized from the assets by converting them into or reducing them to cash under carefully guarded, if not ideal, conditions". Harrison v. United Liberty Life Ins. Co. (In re H&S Transp. Co.), 80 B.R. 441, 446 (Bankr. M.D. Tenn. 1987)
Legal Definition list
Related Legal Terms
- Advertising Evaluation of Results
- Agreed Valuation
- Alternate Valuation Method
- Assessed Valuation
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