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
The move, however, requires approval of the state legislature and that the public body pay fair market value.
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Alice Fabbre, Chicago Tribune, 10 Mar. 2026
Jody Allen, as her brother’s executor and trustee, has a legal obligation to sell the team for as much money as possible, which requires careful timing and good business judgment when appraising the asset’s fair market value.
—Naomi Cahn, The Conversation, 27 Feb. 2026
The department is required to be paid fair market value for any land that is purchased, rented or encumbered, according to a September 2025 appraisal of the property.
—Jennifer Van Grove, San Diego Union-Tribune, 25 Feb. 2026
While there was no dispute that sales must be fairly conducted, justices across the ideological spectrum resisted the idea that compensation should be based on the home’s fair market value.
—Maureen Groppe, USA Today, 25 Feb. 2026
See All Example Sentences for fair market value
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Alice Fabbre, Chicago Tribune, 10 Mar. 2026
Jody Allen, as her brother’s executor and trustee, has a legal obligation to sell the team for as much money as possible, which requires careful timing and good business judgment when appraising the asset’s fair market value.
—Naomi Cahn, The Conversation, 27 Feb. 2026
The department is required to be paid fair market value for any land that is purchased, rented or encumbered, according to a September 2025 appraisal of the property.
—Jennifer Van Grove, San Diego Union-Tribune, 25 Feb. 2026
While there was no dispute that sales must be fairly conducted, justices across the ideological spectrum resisted the idea that compensation should be based on the home’s fair market value.
—Maureen Groppe, USA Today, 25 Feb. 2026
See All Example Sentences for 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 17 Mar. 2026.
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