Market value

Market value means the most probable price in cash, or terms equivalent to cash, which lands or interest in lands should bring in a competitive and open market under all conditions requisite to a fair sale, where the buyer and seller each acts prudently and knowledgeably, and the price is not affected by undue influence.

Source

36 CFR § 254.2

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Scoping language

For the purposes of this subpart, the following terms have the meanings set forth in this section.

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