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Simple English definitions for legal terms

fair cash value

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A quick definition of fair cash value:

Fair cash value refers to the amount of money that something is worth in an exchange. It can also be called fair market value and is determined by what a buyer is willing to pay and a seller is willing to accept in an open and fair transaction. This value can be influenced by factors such as supply and demand, the condition of the item, and its usefulness or desirability.

A more thorough explanation:

Definition: The amount of money that something is worth in an exchange, determined by what a buyer is willing to pay and a seller is willing to accept in an open market transaction. It is also known as fair market value.

Examples: If you want to sell your car, the fair cash value is the amount of money that a buyer is willing to pay for it and that you are willing to accept. Similarly, if you want to buy a house, the fair cash value is the amount of money that the seller is willing to accept and that you are willing to pay for it.

Explanation: Fair cash value is determined by the market forces of supply and demand. It is the price that a willing buyer and a willing seller agree upon in an arm's-length transaction. It is important in many areas of law, such as taxation, insurance, and bankruptcy, where the value of assets needs to be determined.

fair cash market value | fair-cross-section requirement

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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