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What (who) is appraised value - definition
Appraised value
ASSESSED VALUE OF PROPERTY
An appraised value (United States) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually used as a pre-qualification & risk-based pricing factor related to the issuance of mortgage loans by a financial institution.
Value (economics)
MEASURE OF THE BENEFIT PROVIDED BY A GOOD OR SERVICE TO AN ECONOMIC AGENT
Monetary value; Value for money; Economic value; Theory of value(economics); Financial value
In economics, economic value is a measure of the benefit provided by a good or service to an economic agent. It is generally measured through units of currency, and the interpretation is therefore "what is the maximum amount of money a specific actor is willing and able to pay for the good or service"?
Sentinel value
IN-BAND DATA VALUE THAT MUST BE HANDLED SPECIALLY BY COMPUTER CODE
Flag value; Signal value; Sentinel value (programming); Rogue value; Sentinel value loop
In computer programming, a sentinel value (also referred to as a flag value, trip value, rogue value, signal value, or dummy data)
Examples of use of appraised value
1. The FHA would pay the existing lender no more than 85 percent of the property‘s present appraised value; the FHA would then charge the homeowner for a loan at '0 percent of the appraised value.
2. The proposal would limit their payoff to 85 percent of the home‘s appraised value.
3. "It was simply not good enough that I paid above the appraised value for the strip of land that he sold me," Obama said.
4. Kelo, one of the last holdouts, earlier this year accepted a $442,155 settlement, more than $300,000 above the 2000 appraised value of her house.
5. The HOLC‘s investment in any mortgage was limited to 80 percent of the appraised value of the property, with a maximum of $14,000.