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 value of the reward is based on the fair market value (FMV)—the amount a willing buyer would pay a willing seller.
—
Kelly Phillips Erb, Forbes.com, 21 June 2025
Only about one-fifth are rented at fair market value, according to the annual report from the APSA patrimony office, which manages them.
—Nicole Winfield, Chicago Tribune, 10 June 2025
The answer is dependent on what Carvana offers you relative to your vehicle's fair market value.
—Charles Singh, USA Today, 5 May 2025
Officials could then either lease the land or sell it at fair market value, according to the agency.
—Madeleine Ngo, New York Times, 29 Apr. 2025
See All Example Sentences for fair market value
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Kelly Phillips Erb, Forbes.com, 21 June 2025
Only about one-fifth are rented at fair market value, according to the annual report from the APSA patrimony office, which manages them.
—Nicole Winfield, Chicago Tribune, 10 June 2025
The answer is dependent on what Carvana offers you relative to your vehicle's fair market value.
—Charles Singh, USA Today, 5 May 2025
Officials could then either lease the land or sell it at fair market value, according to the agency.
—Madeleine Ngo, New York Times, 29 Apr. 2025
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 2 Jul. 2025.
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