fair market value


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–minded
Previous Word in the Dictionary: fair–maids–of–France
All Words Near: fair market value

Seen & 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).

Get Our Free Apps
Voice Search, Favorites,
Word of the Day, and More
Join Us on FB & Twitter
Get the Word of the Day and More