Market Value Clause

Market Value Clause,

Market Value Clause Meanings:

Property or driver insurance that does not use market value (actual current value (ACV) or replacement value (RC) value) as the basis for assessing secured property. It is commonly used in connection with agricultural products and other goods, the price of which depends on the exchange of goods. It is also sometimes used as a basis for evaluating a building.

A simple definition of Market Value Clause is: A property insurance clause that specifies the value of goods sold at market value and not at the purchase price, thus adding the proceeds from the sale to recover the loss.

Literal Meanings of Market Value Clause

Market:

Meanings of Market:
  1. Regular meetings of people to buy and sell food, livestock and other products.

  2. The area or extension in which trade takes place.

  3. Advertise or promote (some)

Sentences of Market
  1. Farmers went to the market

  2. Job vacancies market

  3. This product is marketed under the name "Aspirin".

Synonyms of Market

sell, retail, offer for sale, put up for sale, vend, merchandise, trade, peddle, hawk

Value:

Meanings of Value:
  1. Respect that something should be worthwhile, valuable or useful.

  2. Principles or principles of a person's behavior decide something important in life.

  3. A numerical quantity is called an algebraic term, quantity, quantity or numbers.

  4. The relative duration of the sound represented by a note.

  5. Define financial value (something)

Sentences of Value
  1. Rhythm values ​​are quarter note, eighth note and symmetry, and the first melody uses only the basic finger pattern.

  2. In either case, the order references depend on the previous usage and the value of the word.

  3. With the lack of landscape, artists use adjacent colorful values

Synonyms of Value

merit, worth, usefulness, use, utility, practicality, advantage, desirability, benefit, gain, profit, good, service, help, helpfulness, assistance, effectiveness, efficacy, avail, importance, significance, point, sense, principles, moral principles, ethics, moral code, morals

Clause:

Meanings of Clause:
  1. The unit of grammatical organization is at the very bottom of the continuous sentence and in the traditional grammar, which must have an article and a prediction.

  2. Articles, terms or reservations are specific and vary in agreement, law or contract.

Sentences of Clause
  1. Of the above sentences, both sentences were added in sequence, without any components.

  2. Contracts usually choose the terms of the law that define the applicable law.

Synonyms of Clause

expression, group of words, word group, construction, clause, locution, wording, term, turn of phrase, idiom, idiomatic expression, set phrase, phrasal idiom, phrasal verb, section, paragraph, article, subsection, note, item, point, passage, part, heading

Market Value Clause,

Market Value Clause:

  • An agreement (not agreed in all states) that in the event of a loss, the stock price should be at the selling price (whether sold or not). This clause is limited to shares, which can be valued at any time if traded on a stock exchange.

Literal Meanings of Market Value Clause

Value:

Synonyms of Value

moral values, standards, moral standards, code of behaviour, rules of conduct, standards of behaviour, evaluate, assess, estimate, appraise, assay, rate, price, put a price on, set a price on, cost, cost out, cherished, treasured, dear, prized, favourite