What is referred to as distressed assets that cannot be sold on the open market?

Liquidating value refers to the estimated amount that could be realized from selling an asset after taking into account any costs associated with the sale. This concept applies particularly to distressed assets, which are typically those that have decreased significantly in value due to financial difficulties or other adverse conditions. When assets are distressed, they may not be easily sold on the open market, leading to a situation where their liquidation value becomes a key metric in determining their worth.

In contrast, market value is the price at which an asset would trade in a competitive auction setting, while book value represents the value of an asset according to its balance sheet, based on historic costs minus depreciation. Intrinsic value, on the other hand, is more subjective and focuses on the underlying or true value of an asset, which doesn't necessarily take into account distressed conditions. Therefore, liquidating value is the most applicable term for distressed assets that lack a clear path for open market sale.