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What does OMV stand for?

OMV stands for Open Market Value (automobiles)

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of OMV

Other Resources:
We have 28 other meanings of OMV in our Acronym Attic

Samples in periodicals archive:

Once complete, the development will feature an extensive area of open space, a fully-equipped play area as well as 20 affordable two-bedroom homes - these will be offered at 70% of open market value to those on the local authority waiting list currently unable to afford to purchase a new home on the open market.
The only requirement is that the equity loan is paid back within ten years of the original completion date; or if the homeowner sells the property, the 15 per cent must be repaid at the property's current open market value.
In the above example, the interest is allowable as it is funding the transfer of the property to the business at its open market value at the time the business started.