Forced Liquidation Value (FLV) is an opinion of the gross amount, expressed in terms of money, that typically could be realized from a property advertised and conducted public auction (in less than 90 days), with the seller being compelled to sell with a sense of immediacy on an as-is, where-is basis, as of a specific date. (Source: Machinery & Technical Specialties Committee of the American Society of Appraisers – July 25, 2010).