Net Recovery Value of Security [Agriculture] Law and Legal Definition
According to 7 CFR 761.2 [Title 7 – Agriculture, Subtitle B - Regulations of the Department of Agriculture, Chapter VII - Farm Service Agency, Department of Agriculture, Subchapter D - Special Programs, Part 761 - General Program Administration, Subpart A - General Provisions], net recovery value of security is “the market value of the security property, assuming that the lender in the case of a guaranteed loan, or the Agency in the case of a direct loan, will acquire the property and sell it for its highest and best use, less the lender's or the Agency's costs of property acquisition, retention, maintenance, and liquidation.”
Legal Definition list
- Net Recovery Value of Security [Agriculture]
- Net Realizable Value
- Net Productivity Rate
- Net Proceeds [Education]
- Net Proceeds (Uniform Acts)
- Net Return
- Net Return of Capital
- Net Revenues
- Net Succession
- Net Worth
- Net Worth Tax
