Goods that are bought and sold on the open market are advertised and sold to anyone who wants to buy them. The Central Bank is authorized to sell government bonds on the open market. A freely competitive market operating without restrictions
Any of the purchases and sales of government securities and commercial paper by a central bank in an effort to regulate the money supply and credit conditions. Open market operations can also be used to stabilize the prices of government securities. When the central bank buys securities on the open market, it increases the reserves of commercial banks, making it possible for them to expand their loans and investments. It also increases the price of government securities, equivalent to reducing their interest rates, and decreases interest rates generally, thus encouraging investment. If the central bank sells securities, the effects are reversed. Open market operations are usually performed with short-term government securities such as treasury bills
1 The best price which might reasonable be expected to be obtained at arm's length for an interest in a property at the date of valuation, subject to any statutory assumptions which may be required 2 For the purpose of asset valuations this is defined by the Royal Institute of Chartered Surveyors (UK) as the best price which might reasonably be expected to be obtained for an interest in a property at the date of valuation assuming
The best price which might reasonably be expected to be obtained at arm's length for an interest in a property at the date of valuation, subject to any statutory assumptions which may required For the purpose of asset valuations this is defined by the Royal Institute of Chartered Surveyors (UK) as the best price which might reasonably be expected to be obtained for an interest in a property at the date of valuation assuming : A willing seller; A reasonable period in which to negotiate the sale; That values will remain static during that period; That the property will be freely exposed to the market; and That no account will be taken of any higher price that might be paid by a person with a special interest