Marketable Cash Value
Marketable Cash Value (MCV) – (middle/low “net” value, usually for equitable distribution, resale or estate planning purposes) is defined as the net value a willing seller realizes after disposing of property in a competitive and open market to a willing buyer. Both the buyer and seller must be reasonably knowledgeable of all relevant facts, and neither being under constraint to buy or sell. Marketable cash value takes into consideration insurance, dealer commissions, advertising, travel, and shipping expenses that may be involved in the sale. (AAA 2019 Definitions of Value, p.1)
Used For: Equitable distribution, resale, or estate planning purposes.