Legal Definitions - current market value

CURRENT MARKET VALUE

Current market value refers to the price at which an asset can be sold within the present accounting period.

For example, if you own a house and want to sell it, the current market value is the amount of money you could sell it for right now. Similarly, if you own stocks in a company, the current market value is the price at which those stocks are currently trading on the stock market.

Another example could be a car. If you want to sell your car, the current market value is the amount of money you could sell it for in the current market conditions.

The examples illustrate the definition of current market value by showing how it applies to different types of assets. In each case, the current market value is the amount of money that the asset could be sold for in the current market conditions. This value can change over time as market conditions change, so it is important to keep track of the current market value of your assets if you are planning to sell them.