MARKET VALUE, in general, is the price at which buyers and sellers trade similar items in an open marketplace. In the absence of a market price, it is the estimated highest price a buyer would be warranted in paying and a seller justified in accepting, provided both parties were fully informed and acted intelligently and voluntarily. See also OPEN MARKET VALUE (OMV).
CONTRACTOR is the person or entity who will provide the goods or services under the provisions of the contract.
COMMON EQUITY is the result of subtracting redeemable and non-redeemable preferred stock from total equity.
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