highest and best

highest and best
A term in reference to price; the best price obtainable under the circumstances, even the price offered by one bidder, where he is the only bidder present. Lathrop v Tracy, 24 Colo 382, 51 P 486.

Ballentine's law dictionary. . 1998.

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  • Highest and best use — is a concept in real estate appraisal. It states that the valueof a property is directly related to the use of that property; the highest and best use is the reasonably probable use that produces the highest property value. This use, the Highest… …   Wikipedia

  • highest and best use — geriausias turto panaudojimas statusas T sritis turto vertinimas apibrėžtis Efektyviausias, kiek fiziškai įmanoma, teisiškai leidžiama ir finansiškai galima, vertinamo turto panaudojimas. atitikmenys: angl. highest and best use šaltinis… …   Lithuanian dictionary (lietuvių žodynas)

  • highest and best use — In real estate valuation (e.g. in condemnation proceedings) the use of land or buildings which will bring the greatest economic return over a given time. This method of valuation requires expert to determine what condemned property s fair market… …   Black's law dictionary

  • highest and best use — In real estate valuation (e.g. in condemnation proceedings) the use of land or buildings which will bring the greatest economic return over a given time. This method of valuation requires expert to determine what condemned property s fair market… …   Black's law dictionary

  • best use — In eminent domain, the value of property considering its optimum use at a given time and hence the money which should be awarded for such governmental taking; used commonly as highest and best use , (q.v.) …   Black's law dictionary

  • best use — In eminent domain, the value of property considering its optimum use at a given time and hence the money which should be awarded for such governmental taking; used commonly as highest and best use , (q.v.) …   Black's law dictionary

  • Highest hopes — Best of par Nightwish Sortie 2005 Genre(s) Metal symphonique Power Metal Label Spinefarm Records …   Wikipédia en Français

  • best — I adjective above the average, beyond compare, brought to perfection, chief, choice, crowning, distinguished, exceptional, exemplary, extraordinary, faultless, favorite, first class, first rate, flawless, foremost, greater, highest, impeccable,… …   Law dictionary

  • Best Mate — Thoroughbred racehorse infobox horsename = Best Mate caption = sire = Un Desperado dam = Katday damsire = Miller s Mate sex = Gelding foaled = January 28, 1995 country = Ireland flagicon|Ireland colour = Bay breeder = Jacques Van t Hart owner =… …   Wikipedia

  • best — best1 [ best ] function word *** Best is the superlative form of good and well, and can be used in the following ways: as an adjective: Which apples are best for cooking? (after the ): His performance was the best. It was the best party I ve ever …   Usage of the words and phrases in modern English

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