Justified price


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Justified price

Market Value

A subjective estimate of what a willing buyer would pay a willing seller for a given asset, assuming both have a reasonable knowledge of the asset's worth. Market value is important in both law and accounting. In the former, it is often used in assessing damages as the result of a lawsuit. In the latter, determining the market value of an asset (e.g. after depreciation) is important to determining the amount of tax owed on it. Value investors look for companies with market values below their book values, believing these companies to be undervalued.
References in periodicals archive ?
8220;As to cover this gap by providing top quality exclusive fashion Jewellery online right to the doorsteps of the Indian customers at justified prices, we have launched this online jewellery store.
Petrol station owners normally make some four or five cents per litre of fuel sold and have justified prices by citing the increase in VAT by one percentage point to 18 per cent in mid-January as well as other state taxes, and crude oil prices.
OPEC ministers have since justified prices well above $28/b.