Fair Market Value Definition

noun
The price, as of a commodity or service, at which both buyers and sellers agree to do business.
American Heritage
Market value, the price that can be had for property in a reasonable commercial marketplace; in corporate law, the intrinsic value of shares of stock, for purposes of determining a buy-out price.
Webster's New World Law

Other Word Forms of Fair Market Value

Noun

Singular:
fair market value
Plural:
fair-market-values

Fair Market Value Sentence Examples

  • Visit online collector forums for leads about specific jewelry boxes and to learn inside information on fair market value.

  • The amount of mortgages or loans secured against the property is capped at a certain percentage of the fair market value of the property.

  • The fair market value is predetermined by the government before the housing is rented.

  • In addition to listing the fair market value of the tools, the guides are helpful for identification.

  • Regardless of the reason that you love collecting antique books, knowing the fair market value of these popular antiques will help you make an informed purchasing decision.

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