noun, noun or participle which takes 'suru', transitive verb
appraisal; valuation; conversion into cash
Formal term used in legal, financial, and accounting contexts for assessing the monetary value of an asset and converting it into cash. Often appears in phrases like 換価処分 (liquidation by sale) or 換価価格 (appraised value).
担保不動産を換価して債権を回収する。
They liquidate the collateral real estate and collect the claim.
裁判所が差し押さえた財産の換価を命じた。
The court ordered the sale of the seized property.