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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.
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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