Tax. The highest and best use of a thing from an economic standpoint. • If a farm would be worth more as a shopping center than as a farm, the shopping-center value will control even if the transferee (that is, a donee or heir) continues to use the property as a farm. — Also termed […]
agreed value clause 定值条款 定值保险单中载明保险财产的保险价值的条款。 (→agreed value policy)
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value date. The date when the proceeds of a bill of exchange (e.g., a check) or of a foreign-exchange transaction (e.g., a sale of dollars for euros) become available for use. — Also termed here and there.
The present value of net cash flow from a project, discounted by the cost of capital. • This value is used to evaluate the project’s investment potential. — Abbr. NPV.
land-use regulation. An ordinance or other legislative enactment governing the development or use of real estate. — Also spelled landuse regulation. [Cases: Zoning and Planning 1. C.J.S. Zoning and Land Planning §§ 2, 5–7, 17–18.] “Public regulation of the use and development of land comes in a variety of forms which generally focus on four
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diminution-in-value method. A way of calculating damages for breach of contract based on a reduction in market value that is caused by the breach. [Cases: Damages 123. C.J.S. Damages § 112.]
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Counterfeit Access Device and Computer Fraud and Abuse Act of 1984. A federal statute that criminalizes various computer-related activities such as accessing without permission a computer system belonging to a bank or the federal government, or using that access to improperly obtain anything of value. 18 USCA § 1030.
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Stock originally issued for a fixed value derived by dividing the total value of capital stock by the number of shares to be issued. • The par value does not bear a necessary relation to the actual stock value because surplus plays a role in the valuation. [Cases: Corporations 62. C.J.S. Corporations §§ 126, 128,