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

While comments by executives largely centered on disputes over pricing and fair market value, a sticking point in the negotiations – ingestion – reflected the complexities of the streaming era. —Dade Hayes, Deadline, 14 Nov. 2025

State law does allow health care districts to transfer their assets to private nonprofit companies at a price considered below fair market value. —Paul Sisson, San Diego Union-Tribune, 2 Nov. 2025

The properties would still be publicly advertised and appraised to determine fair market value. —Miami Herald, 28 Oct. 2025

But the problem is land in Colorado is not cheap, and Colorado law demands that when eminent domain is used, a person is not only compensated for fair market value but also gets damages for the taking. —The Denver Post Editorial Board, Denver Post, 28 Oct. 2025

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