✨📕 The NEWThe NEW Collegiate Dictionary, 12th Edition Over 5,000 words added — Buy Now! Collegiate Dictionary — Buy Now!

“fair market”

We have one entry that includes the term fair market.

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

See the full definition

Word of the Day

Listen to the pronunciation of enigmatic

See Definitions and Examples »

Test Your Vocabulary

Challenging Words You Should Know

  • hedgehog reading a book
  • Often used to describe “the march of time,” what does inexorable mean?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Play Blossom: Solve today's spelling word game by finding as many words as you can using just 7 letters. Longer words score more points.

Pick the best words!

PLAY
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Games & Quizzes

See All
Play Quordle: Guess all four words in a limited number of tries. Each of your guesses must be a real 5-letter word.
Quordle Can you solve 4 words at once?
Play Blossom: Solve today's spelling word game by finding as many words as you can using just 7 letters. Longer words score more points.
Blossom Pick the best words!
Play Missing Letter: a crossword with a twist. Each of the 25 puzzle words start with a different letter of the alphabet. Which letter is missing?
The Missing Letter A daily crossword with a twist
baby chick with a brown egg
Which Came First? "Jeggings" or "mom jeans"? "Chillax" or "dumpster...
See All