Glossary
Market value (Verkehrswert)
The price achievable on the valuation date in ordinary business dealings (§ 194 German Building Code).
Meaning in context
Market value (Verkehrswert) is a specialist term used in German property, construction or management practice. Its exact effect depends on the document, transaction and applicable law.
Practical example
In practice, check how Market value (Verkehrswert) is used in the relevant German contract or official record rather than relying on an informal translation.
Important distinction
This definition provides orientation and does not replace review of the original German documents.
Related services
Related terms
General information, not legal or tax advice.