Examlex
The book value of a stock is determined by deducting all liabilities from the corporation's assets and dividing the remainder by the number of outstanding shares of common stock.
Fair Market Value
The amount for which a property would be sold in an open market transaction, involving a ready seller and a ready buyer, both possessing adequate awareness of the pertinent details.
Recovery
The action of regaining possession or obtaining compensation for a loss.
Recognizance
A legal obligation, acknowledged before a court, where an individual promises to adhere to certain conditions without the need for posting bail.
Acknowledges
The act of recognizing or admitting the existence or truth of something, often formally in writing.
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