What does actual value mean?

actual value meaning in Law Dictionary

the worth of brought in physical items based on the value of the same good. It's stated for traditions.

actual value meaning in Business Dictionary

worth of brought in items computed in line with the worth of similar goods and declared for traditions reasons.

Sentence Examples with the word actual value

The following table shows an average value for any date and for the Greenwich meridian for a number of years, from which the actual value will seldom deviate more than 20 seconds until after 1950.

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