Definitions for "Value in Exchange"
The objective interpretation of value of a given product calculated through formal analysis based on the interpretation of value by all segments of the general public. Value in exchange is the primary methodology utilized by appraisers to calculate the value of real property and real property components.
Goods that have a utilitarian use and function that the market willingly pays for in money.
The value of goods and serv- ices in exchange for other goods and services, or money, in the marketplace; an economic concept of market value.
Keywords:  market, worth, pool, sold, property
The worth of an asset, or pool of assets, if sold in the open market.
The market value of a property.
The value of a property in the market place.