MARKET VALUE Definition

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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).

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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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