Market value
noun
noun ·Uncommon ·College level
Definitions
Noun
- 1 The price which a seller or insurer might reasonably expect to fetch for goods, services or securities on the open market.
"Yet when a commuter fare increase is made, the volume of protest from passengers is astonishing; some even accuse the railways of robbing suburbanites, for any increase in fares takes hundreds of dollars from the market value of suburban homes."
- 2 the price at which buyers and sellers trade the item in an open marketplace wordnet
Example
More examples"Yet when a commuter fare increase is made, the volume of protest from passengers is astonishing; some even accuse the railways of robbing suburbanites, for any increase in fares takes hundreds of dollars from the market value of suburban homes."