### Question
Can you define what market value means?


### Answer
**Market value** is defined as the following in *12 U.S.C. § 1441a*:

> the most probable price which a property should bring in a competitive and open market if—


(I) all conditions requisite to a fair sale are present,


(II) the buyer and seller are acting prudently and are knowledgeable, and


(III) the price is not affected by any undue stimulus

#### Citation:
  - *12 U.S.C. § 1441a*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

