true cash value

true cash value
The value which property has, as used, and by reason of its use. Pittsburg, Cincinnati, Chicago & St. Louis Railway Co. v Backus, 154 US 421, 430, 38 L Ed 1031, 1037, 14 S Ct 1114. See actual cash value.

Ballentine's law dictionary. . 1998.

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  • cash in — phrasal verb Word forms cash in : present tense I/you/we/they cash in he/she/it cashes in present participle cashing in past tense cashed in past participle cashed in 1) [intransitive] to use an opportunity to make a profit or gain an advantage… …   English dictionary

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