Fair Market Value (Removed) The most probable value in terms of money, that a property would bring, in an open and unrestricted market, between a willing buyer and a willing seller who are both knowledgeable, informed, and prudent, and who are acting independently of each other.
Orderly Liquidation Value The estimated amount of value in terms of money that could be realized when selling an asset, in an orderly manner, over a period of time, typically longer than a forced or distressed sale.
Forced Liquidation Value The estimated amount of value in terms of money, that could be realized when selling an asset under compulsion, typically in a relatively short time frame due to financial distress or other urgent circumstances.