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Simple English definitions for legal terms

optimal-use value

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A quick definition of optimal-use value:

Optimal-use value is the highest and best use of something from an economic standpoint. It means using something in the way that will give the most benefit or value. For example, if a farm would be worth more as a shopping center than as a farm, the shopping-center value will control even if the new owner continues to use the property as a farm. It's like using something in the smartest way possible to get the most out of it.

A more thorough explanation:

Definition: Optimal-use value refers to the highest and best use of a thing from an economic standpoint. It is the value that a property or asset would have if it were used in the most profitable way possible.

Example: If a piece of land is currently being used for farming, but it is located in an area where commercial development is booming, the optimal-use value of the land would be the value it would have if it were used for commercial development instead of farming. This value would be higher than the current value of the land as a farm.

This concept is important in taxation because it helps determine the fair market value of a property or asset. It is also relevant in business decision-making, as it helps determine the most profitable use of resources.

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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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