hypothetical condition

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.

References in periodicals archive ?
The second part expounds on the methods to defuse the negative effects of the hypothetical condition of the country's oil exports being reduced or even cut to zero, in order to still balance the payments and the relevant markets of the country.
Natalie Yiaxi creates an artist's book, in which she introduces a hypothetical condition of a meeting and a talk with the four artists and their work, commenting on their absence or inequitable presence throughout the narratives of the historiography of Cypriot art.
The Party insisted that INEC must base all its actions and contemplation for the elections on this reality and should under no circumstance predicate any action on a hypothetical condition.
In this anarchic hypothetical condition, there is nothing but the clashes of human desires and wills, or, as the philosopher described it, 'the war of all against all.'
Finally, when a particular term has definitions in different standards documents--SVP, IVS, USPAP, Yellow Book--all the available definitions are included and labeled with parenthetical references to the source as shown below for the definition of hypothetical condition.
A valuation may be completed that has any unusual or client-requested condition as long as it is identified as a "hypothetical condition."
Why would such a hypothetical condition appeal to a rational Humanist mind?
The hypothetical condition included all of these alternatives plus two higher amounts, $1,000 and $2,500, and several longer delays, 1 year, 5 years, and 25 years.
The dichotomous choice responses are summarized in Table 6.(4) As reported above, the overall response rate was greater in the hypothetical condition than in the actual payment condition.
Some commentators have expressed the view that the phrasing amounts to a hypothetical condition and that the clause as a whole will apply only when the nonresident corporation is not a foreign affiliate.
Eliciting a patient's preference about a life-sustaining treatment or about the value of life under a hypothetical condition such as severe dementia) loses credibility when the investigator for physician) does not provide sufficient information to ensure an accurate understanding of whatever is being described.
Revised definitions for client, extraordinary assumption and hypothetical condition, as well as the addition of exposure time to the definitions section.