annual value
noun [C, U]Definition
› ACCOUNTING, FINANCE the amount of income that a company or industry brings in during one year: The total annual value of the state's oyster production is about $12 million.
› UK (US assured value) PROPERTY, TAX the value of a piece of property used to calculate taxes to be paid on it: In an action for recovery of land, the particulars must include a full description of the land and the net annual value for rating.
(Definition of annual value noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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