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.
Not necessarily a slam dunk Determining fair market value of endorsements is challenging. Jesse Silvertown, Forbes.com, 3 Sep. 2025 The 2024 calendar year was good for markets, and good for the USTA—the fair market value of its investments jumped from $272 million to $291 million over the 12 months. Eben Novy-Williams, Sportico.com, 27 Aug. 2025 Parts of the arrangement that don’t change are the CSC’s task of determining fair market value for the goods and services provided and the collectives’ ability to match athletes with other businesses offering NIL opportunities. Eddie Pells, Twin Cities, 31 July 2025 Courtyard will immediately purchase the card back for 90% of its fair market value. Chris Morris, Fortune, 24 July 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 9 Sep. 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

More from Merriam-Webster on fair market value

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