Market value

{
  "id": "MLC-T-INS-002133",
  "term": "Market value",
  "field": "Insurance and risk management",
  "definition": "The price at which an asset or liability would trade in a competitive marketplace between willing buyers and sellers. In insurance, it can apply to the value of an insured property, a company's stock, or the fair value of an insurance policy or portfolio. This value is determined by supply and demand, reflecting current economic conditions and perceived risks.",
  "url": "https://mlchart.com/terminology/insurance/market-value/"
}