Outrageously Funny Word Dictionary :: Valorem

👉 The term "valorem" is a legal term in the United States that refers to the value of a property or asset. It is used within the context of real estate transactions, where the owner of the property is compensated for their possession and use of it. The valuation process involves determining the fair market value at which the property can be sold without any additional costs. This value is then subtracted from the purchase price to determine the net income or loss that the owner would receive if they were to

valorem