Dictionary

fair market value

noun

Definition of FAIR MARKET VALUE

:  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

First Known Use of FAIR MARKET VALUE

1901

Browse

Next Word in the Dictionary: fair–mindedPrevious Word in the Dictionary: fair–maids–of–FranceAll Words Near: fair market value
May 26, 2015
sacrilegious Hear it
grossly irreverent
Take a 3-minute break and test your skills!
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears