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

But by next April, with the June 1, 2028 ban approaching, there will be little for consideration as the fair market value of the medallions will be a fraction of today. — New York Daily News Editorial Board, New York Daily News, 22 Oct. 2026

As a related party, the sponsorship deal needed to comply with fair market value and UEFA’s panel found that the deal massively overstated its value. — Jacob Whitehead, New York Times, 14 Oct. 2026

This increases the original purchase price of the investment to current fair market value, Lucas said, which may help reduce capital gains taxes in the future. — Jessica Dickler,kate Dore, Cfp®, Ea, CNBC, 8 Oct. 2026

Investors who hold the QOF interest for at least 10 years may elect to step up its basis to fair market value, excluding the investment’s appreciation from tax. — Fernando Jimenez, Forbes.com, 28 Sep. 2026

Word History

First Known Use

1891, in the meaning defined above

Rhymes for fair market value

• eigenvalue
• undervalue

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