Market value
(4) Market value. The most probable price which property should bring, as of a specific date in a competitive and open market, assuming the buyer and seller are prudent and knowledgeable, and the price is not affected by undue stimulus such as forced sale or loan interest subsidy. (5) Principals of intermediary. Includes members, officers, directors, and other entities directly involved in the operation and management of an intermediary organization. (6) Ultimate recipient. The entity receiving financial assistance from the intermediary. This may be interchangeable with the term subrecipient in some documents previously issued by HHS. (7) Rural area. Includes all territory of a State that is not within the outer boundary of any city having a population of twenty-five thousand or more. (8) State. Any of the fifty States, the Commonwealth of Puerto Rico, the Virgin Islands of the United States, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands. (9) Technical assistance or service. Technical assistance or service is any function unreimbursed by Rural Development performed by the intermediary for the benefit of the ultimate recipient. (10) Working capital. The excess of current assets over current liabilities. It identifies the liquid portion of total enterprise capital which constitutes a margin or buffer for meeting obligations within the ordinary operating cycle of the business.