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 Generally, worldwide assets are deemed sold at fair market value on the day before the expatriation. Virginia La Torre Jeker, J.d., Forbes, 16 Oct. 2024 Use the smaller of your adjusted basis or pre-disaster fair market value 2. Kate Dore, Cfp®, CNBC, 15 Oct. 2024 If the initial organization becomes a for-profit, generally, a conversion is needed where the for-profit pays the fair market value of the assets to another charitable organization. L'oreal Thompson Payton, Fortune, 12 Oct. 2024 To accomplish that goal of identifying legitimate NIL deals, the settlement would obligate athletes and schools to share information with a new entity, under the NCAA’s auspices, about NIL deals that exceed $600 and also subject NIL deals to fair market value analysis. Michael McCann, Sportico.com, 3 Sep. 2019 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.

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 31 Oct. 2024.

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

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