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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
In filings with federal officials, the company said the fair market value of 167 million tons of federal coal next to the Spring Creek mine was just over $126,000. Jordan Blum, Fortune, 4 Oct. 2025 The case questions whether a homeowner is owed the fair market value or just the surplus from a tax auction sale. Todd Spangler, Freep.com, 3 Oct. 2025 Cohen said the brand had attempted to engineer a sale to investors at a fair market value between $1.5 billion and $2.5 billion but the proposal was rejected. Shivani Tanna, USA Today, 17 Sep. 2025 This form documents what was given, to whom, when, and how the donor determined fair market value. Matthew F. Erskine, Forbes.com, 9 Sep. 2025 See All Example Sentences for fair market value

Word History

First Known Use

1891, in the meaning defined above

Time Traveler
The first known use of fair market value was in 1891

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Cite this Entry

“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 20 Oct. 2025.

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

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