MV Products Abbreviation

Market Value

The monetary price upon which a willing buyer and a willing seller in a free market will agree to exchange ownership, both parties knowing all the material facts but neither being compelled to act. The market value fluctuates with the degree of willingness of the buyer and seller and with the conditions of the sale. The use of the term market suggest the idea of barter. When numerous sales occur on the market, the result is to establish fairly definite market prices as the basis of exchanges.