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
At the time, the parcels were collectively assessed at a fair market value of roughly $7.8 million.
—
Bill Lukitsch, Kansas City Star, 22 May 2024
In Lewisburg, Kentucky will pay fair market value for the three homes, along with their occupants’ relocation expenses, according to Naitore Djigbenou, spokesperson for the transportation cabinet.
—The Enquirer, 3 Apr. 2024
See all Example Sentences for fair market value 
Bill Lukitsch, Kansas City Star, 22 May 2024
In Lewisburg, Kentucky will pay fair market value for the three homes, along with their occupants’ relocation expenses, according to Naitore Djigbenou, spokesperson for the transportation cabinet.
—The Enquirer, 3 Apr. 2024
See all Example Sentences for fair market value
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'fair market value.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 29 May. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share