fair market value

noun

Synonyms of fair market valuenext
: 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
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The city planners in both locations have had little to no communication with DHS or ICE as the federal government toured empty warehouses in their towns and then later bought the properties at prices considerably higher than fair market value. Irene Wright, USA Today, 18 June 2026 Voluntary buyout programs can also be effective in helping low-income homeowners relocate from risky properties – if those programs offer fair market value, meaningful relocation support and timely implementation. Ivis García, The Conversation, 1 June 2026 When someone donates stock, the donor gets a charitable-contribution deduction based on the fair market value of what is given. Robert W. Wood, Forbes.com, 18 May 2026 Murdoch has previously said the company is paying fair market value in its current deal. Los Angeles Times, 13 May 2026 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 21 Jun. 2026.

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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