Actual Value - Law Dictionary Search Results
Actual value
Matched in: Term Actual value
actual cash value
Matched in: Term actual cash value
ACV
ACV actual cash value
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Compensation
sustained or giving back an equivalent in either money which is but the measure of value, or in actual value otherwise conferred, or recompense in value for some loss, injury or service especially when it is given by
Constructive total loss
a wrecked ship has become a constructive total loss if the cost of repairing her would exceed her value when repaired. The other is that she will become so when a prudent uninsured owner would not repair … the assurers notice of abandonment. Generally there is a constructive total loss when the subject-matter assured has not actually perished or lost its form or species, but has, by one of the perils insured against, been reduced
Notice
occupier, though the notice does not necessarily mean notice of an adverse claim. To sum up, purchasers for value are affected by notice, actual or constructive; (English) Law of Property Act,1925, s. 205 (1) (vii.) of (1) … known to a person of which he was or might be ignorant. Notice is either (1) statutory; (2) actual, which brings the knowledge of a fact directly home to the party; or (3) constructive or implied, which
stated value
Matched in: Term stated value
salvage value
Matched in: Term salvage value
Recovery
of something lost or taken away, Black's Law Dictionary, 7th Edn., p. 1280. A true recovery is an actual or real recovery of anything, or the value thereof, by judgment; as if a man sue for any
valued policy law
to pay to the insured in case of total loss the full amount of insurance regardless of the actual value of the property at the time of the loss
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