fair market value
Recent Examples of fair market value from the Web
The law required the government to pay fair market value.
When the charity gives or sells the vehicle to a needy individual at a price significantly below fair market value.
Under federal regulations, an appraisal must offer an opinion of the land’s fair market value—the price a knowledgeable buyer would pay a knowledgeable seller when neither is desperate to make a deal.
If the team leaves after June 2019, the contract says the city would have either the option of buying the stadium for fair market value or the Panthers would pay the city the remaining debt payment on the city’s $75 million investment.
Under eminent domain, Miesbauer said, the law requires that fair market value be paid.
In the event the stated approximate retail value(s) of a prize is more than the actual fair market value of that prize, the difference will not be awarded in cash or otherwise.
But preservation should not trample on homeowners’ rights to receive fair market value for their property.
Sunoco and Delaware County officials on Thursday announced the new assessment for the site, which a county appraiser gave a fair market value of about $180 million, more than its previous value as a refinery.
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First Known Use of fair market value
Financial Definition of FAIR MARKET VALUE
What It Is
Fair market value is the price at which a willing seller sells a good or service to a willing buyer.
How It Works
Let's assume John Doe wants to sell his house. He lists it for $750,000. Jane Dale wants to buy a house. She sees John's house for sale and offers him $675,000. The two negotiate the price and agree on $700,000. Because it is the price John and Jane agree to, the fair market value of the house is $700,000.
fair market value
legal Definition of fair market value
Learn More about fair market value
Britannica.com: Encyclopedia article about fair market value
Seen and Heard
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