Quantcast
Merriam-Webster Logo
  • Dictionary
  • Thesaurus
  • Scrabble
  • Spanish Central
  • Learner's Dictionary

fair market value

noun

Definition of fair market value

  1. :  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



1901

First Known Use of fair market value

1901


Law Dictionary

fair market value

noun

Legal Definition of fair market value

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




Learn More about fair market value


Seen and Heard

What made you want to look up fair market value? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to dishevel or rumple

Get Word of the Day daily email!

WORD GAMES

Take a 3-minute break and test your skills!

alt-5746713d76276

Which of these is a synonym of nonplus?

reduce soothe perplex disapprove
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ