Is a company: no
Is a proper noun: no
- market value
- current price
- economic value
Definition of Monetary Value
- A property's monetary value is its worth if sold at this moment in time.
- An economic value placed on goods or services in relation to current market conditions. For example, your home's monetary value may increase substantially in times where there are very few homes for sale in your area, but may decrease the same if there's an abundance of homes available on the market, therefore your home may have a different monetary value at any given time.
Related Terms and Acronyms
- Appraised Value — Definition,
- An educated opinion of how much a property is worth.
- Home Equity (HE) — Acronym, Very Important,
- The part of a home's value that the mortgage borrower owns outright; the difference between the fair market value of the home and the principal balances of all mortgage loans.
- Property Value — Definition,
- The worth of a piece of real estate, based on the price a buyer and seller would negotiate.
- Lending Value — Definition,
- The property value for mortgage purposes. Usually the lesser of appraised value or sale price.
- Fair Market Value (FMV) — Acronym, Very Important,
- The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
- Asset — Definition,
- Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others including bank accounts, stocks, mutual funds, and so on.
- Appraisal — Definition,
- An estimate of the market value of a piece of real estate made by a competent professional who knows local real estate prices and markets.
- Sale Price — Definition,
- The price that is paid for an asset.
- Median Price — Definition,
- In a given area, the amount paid for a house in which half of the houses in that area sell for less and half sell for more.
- Book Value — Definition,
- The value of a property, item or company as a capital asset based on its cost plus any additions, subtracting depreciation.
- A valuation method determined by taking the original cost of an asset and subtracting any depreciation, impairment or amortization costs.