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It Is a Good Idea to List All of Your

question 96

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It is a good idea to list all of your personal assets, estimate the market value of each item, and then film the contents of your house with a video camera to be able to show proof of their existence.


Definitions:

Purchase Price

The total cost that a buyer spends to acquire a product or service.

Market Price

The present rate at which a service or asset is available for purchase or sale on the market.

Contract Price

The agreed-upon amount of money one party will pay another in exchange for the fulfillment of agreed-upon obligations.

Market Price

The going rate at which a service or an asset is available for buy or sell in the particular market.

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