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 Caltrans had originally bought the land using federal funds, and regulations require that excess land bought with federal money be sold at fair market value.
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Hannah Elsmore, San Diego Union-Tribune, 20 Mar. 2026
The fair market value of Findraiser is between $100,001 and $1 million, according to campaign finance documents filed with the state this month.
—Dakota Smith, Los Angeles Times, 19 Mar. 2026
The move, however, requires approval of the state legislature and that the public body pay fair market value.
—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
See All Example Sentences for fair market value
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Hannah Elsmore, San Diego Union-Tribune, 20 Mar. 2026
The fair market value of Findraiser is between $100,001 and $1 million, according to campaign finance documents filed with the state this month.
—Dakota Smith, Los Angeles Times, 19 Mar. 2026
The move, however, requires approval of the state legislature and that the public body pay fair market value.
—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
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 27 Mar. 2026.
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