ORDERLY LIQUIDATION VALUE

Orderly Liquidation Value (OLV) – (low range “net” value, usually for quick sale purposes) is defined as "the most probable price in terms of cash, or other precisely revealed terms, for which the property would change hands under required and limiting conditions in an orderly manner, generally advertised, with reasonable time constraints, in an appropriate and relevant marketplace, with knowledgeable buyers.” (ASA 1994 Handbook, p.2)

Used For:  Quick sale purposes.