ACTUAL CASH VALUE
\ˈakt͡ʃuːə͡l kˈaʃ vˈaljuː], \ˈaktʃuːəl kˈaʃ vˈaljuː], \ˈa_k_tʃ_uː_əl k_ˈa_ʃ v_ˈa_l_j_uː]\
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The fair or reasonable cash price for which the property could be sold in the market, in the ordinary course of business, and not at forced sale; the price it will bring in a fair market after reasonable efforts to find a purchaser who will give the highest price. Birmingham F. Ins. Co. v. Pul- ver, 126 111. 329. IS N. E. 804, 9 Am. St. Rep. 598; Mack v. Lancashire Ins. Co. ( ('. ('.) 4 Fed. 59; Morgan's L. & T. R. S. S. Co. v. Board of Reviewers, 41 La. Ann. 1156. 3 South. 507.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.