Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,890,483 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

hypothetical condition

    0.02 sec.
hypothetical condition

A condition that does not currently exist in fact but has some probability of existing in the future.An appraisal may determine the value of property in its current condition, and then also determine a value based on a hypothetical condition,such as a state's plans to build a new highway exit at the property.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
Hypothetical condition is defined in the Uniform Standards of Professional Appraisal Practice (USPAP) as "that which is contrary to what exists.
Comments on "You Can't Get the Value Right If You Get the Rights ... by Krebbs, Charles; Gillies, David; Kobriger, Kim; Husij, Michael G.; Russell, Keith E. / Appraisal Journal
If the practitioner is required to use any hypothetical conditions in a valuation or calculation, the practitioner should disclose them in the report and explain the purpose of using them (SSVS No.
Applying AICPA business valuation standards in tax practice by Spoor, F. Gordon / The Tax Adviser
Plan of action When appraising a property known to have environmental issues as if "clean" or unimpaired, a hypothetical condition exists--specifically, a condition known not to be true but assumed to be true for the appraisal.
Preparing yourself for new rules for environmentally impaired property by Lipscomb, Robert; Maloy, Richard; Rogers, C. Gregory / Valuation Insights & Perspectives
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.