§ 2540.0-3 Authority
§ 2540.0-5 Definition

Terms Used In CFR > Title 43 > Subtitle B > Chapter II > Subchapter B > Part 2540 > Subpart 2540 - Color-of-Title: Authority and Definitions

  • Appraisal: A determination of property value.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.