What is CLEAR MARKET VALUE? Definition of CLEAR MARKET VALUE in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
With regard to in- heritance tax, highest price obtainable. In re Nicklas' Estate, 132 N.J.L. 450, 41 A.2d 122, 124; net value, Hamlen v. Martin, 128 N.J.Eq. 393, 16 A.2d 457, 459; sum which property would bring on a fair sale by a willing seller not obliged to sell to a willing buyer not obliged to buy, or fair mar- ket value, or cash value, In re Ryerson's Estate, 239 Wis. 120.
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