Uncompensated value means the difference between the fair market value of the asset and the value of the consideration received by the applicant or recipient in return for transferring the asset.
Uncompensated value means the difference between fair market value and the value of any consideration received.
Uncompensated value means the fair market value (FMV) of an as-
Examples of Uncompensated value in a sentence
The fact that the 280 mm and 8" gun-type nuclear weapons contain four rings.
Uncompensated value The difference between the FMV at the time of transfer (less any encumbrances) and the amount received for the asset.
Uncompensated value is defined as the difference between the equity value and the amount received for the resource.
Uncompensated value is the difference between the fair market value of a resource and the amount of compensation received by the individual or couple in exchange for the resource.
Uncompensated value" means the difference between the fair market value of the asset and the value of the consideration received by the applicant or recipient in return for transferring the asset.
More Definitions of Uncompensated value
Uncompensated value means the fair market value (FMV) of an asset at the time of transfer minus the value of compensation the person receives in exchange for the asset.
Uncompensated value means the difference between the fair market value at the time of transfer (less any outstanding loans, mortgages, or other encumbrances on the asset) and the amount received for the asset. If the client’s resources are below the appropriate Medicaid resource level, the amount by which the Medicaid resource level exceeds the client’s resources must be deducted from the uncompensated value of the transfer. Likewise, amounts specified in Department regulations for burial funds, but not for burial space items, also must be deducted.
Uncompensated value or “UV” means the equity value (fair market value less any outstanding loans, mortgages or other encumbrances) minus the value of any compensation /consideration received by the applicant/beneficiary in exchange for the asset.
Uncompensated value means thedifference between the fair market value of an asset and the amount of compensation an individual receives for it. In the case of a trust, annuity, or other financial instrument or investment described in paragraph (a)(5)(ii) of this section, uncompensated value means the amount of money or the monetary value of any other type of asset transferred to such a trust, annuity, orother financial instrument or investment.
Uncompensated value means the fair market value (FMV) of an asset on the date of transfer, minus the FMV of the consideration the person receives in exchange for the asset.
Uncompensated value means the difference between the fair market value at the time of the transfer (less any outstanding loans, mortgages, or other encumbrances on the asset at issue) and the amount received for the resource.
Uncompensated value means the difference between the fair market value of an asset and the amount of compensation received by the applicant for the asset. Id. A disposal of assets includes the sale of a home or other real property. Id.