Market Value
Definition:
Market value, also known as fair market value, is the price that an asset would sell for in an open market. This is typically determined by factors such as the location of the asset, the condition of the asset, and the demand for the asset.
Example:
For example, if you are selling your home, the market value would be the price that a buyer would be willing to pay for it in an open market. The market value would be determined by factors such as the location of your home, the size of your home, the condition of your home, and the demand for homes in your area.