| Webster's Online Dictionary |
| Expressions | Domain | Definition | |
| Highest and Best Use | Administration | The classification of water based on an analysis of the greatest needs of the future. Certain quantities of water (rights) are reserved for appropriation according to this classification. (references) | |
| Highest and best use | Business | The most profitable likely use, within the realm of reasonable probability, to which real and related personal property can be put or adapted, and for which there is a current market. (references) | |
| Highest and best use | Finance | An appraisal and zoning concept that evaluates all the possible, permissible and profitable uses of a property to determine the use that will provide the owner with the highest net return on investment in the property, consistent with existing neighboring land uses. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
