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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
The problem of what constitutes a competitive market rate (or fair market value) for these fees has been left to the Secretary of Health and Human Services.
—Rita Numerof, Forbes, 2 Jan. 2025
If the referendum passes, taxpayers would pay an additional 24 cents per $1,000 of fair market value.
—Alec Johnson, Journal Sentinel, 31 Dec. 2024
Going forward, shareholder loans will need to be submitted as an APT and subjected to a fair market value assessment.
—Dan Sheldon, The Athletic, 22 Nov. 2024
The company recorded a fair market value gain of $416,560 on warrant liabilities, reflecting adjustments required for outstanding warrants.
—Quartz Bot, Quartz, 14 Nov. 2024
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Word History
First Known Use
1891, in the meaning defined above
Time Traveler
The first known use of fair market value was
in 1891
Dictionary Entries Near fair market value
Cite this Entry
“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 10 Jan. 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
Thesaurus: All synonyms and antonyms for fair market value
Britannica.com: Encyclopedia article about fair market value
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