fair market value

noun

: a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business

Examples of fair market value in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The loss was impacted by a $99.5 million charge related to the fair market value of warrant liability. Quartz Intelligence Newsroom, Quartz, 12 Mar. 2025 Spotrac projects the fair market value of his next contract at three years, $56.466 million. Rick Stroud, Orlando Sentinel, 8 Mar. 2025 The first part of Mr. Newsom’s two-part executive order bans unsolicited offers for less than what a property’s fair market value was before the fires started. Mike Ives, New York Times, 15 Jan. 2025 The regulations require us to determine fair market value on the basis of the price that a willing buyer and a willing seller would agree to. Peter J Reilly, Forbes, 14 Jan. 2025 See All Example Sentences for fair market value

Word History

First Known Use

1891, in the meaning defined above

Time Traveler
The first known use of fair market value was in 1891

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Cite this Entry

“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 28 Mar. 2025.

Legal Definition

fair market value

noun
: a price at which buyers and sellers both having reasonable knowledge of the property and being under no compulsion are willing to do business

More from Merriam-Webster on fair market value

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