An opinion of the gross amount, expressed in terms of money, that typically could be realized from a liquidation sale, given a reasonable period of time to find a purchaser (or purchasers), with the seller being compelled to sell on an as-is, where-is basis, as of a specific date.
The underlying theme and elements of the definitions presented here are based in standard appraisal theory. Many terms are used to describe various thoughts or premises of value.
These definitions are offered to provide fundamental value concepts – they are not the only acceptable definitions available. Contracts or jurisdictions may dictate somewhat different philosophies; therefore, these definitions may be expanded or refined as the purpose and function of an appraisal dictate, as long as the fundamental concepts are not altered. In some cases, the laws of a country, state, region, or regulatory agency may require other terms, which would take precedence over the definitions shown here.
出典：ASA
✅ ポイント解説
- **Forced Liquidation Value（強制清算価値）**との違い
- Forced Liquidation → 「即時売却」前提（時間的猶予がなく競売的）。
- Orderly Liquidation → 「合理的な期間」を確保できるため、より高値で売却できる可能性がある。
- as-is, where-is basis
→ 資産は現状のまま・現地渡しで処分される。
👉 まとめると：
Orderly Liquidation Value は、強制清算より条件が良く、通常のFMVよりは低い水準に位置する「清算前提の価値」です。