Dictionary
fair market value
noun
Definition of FAIR MARKET VALUE
: 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
ADVERTISEMENT
First Known Use of FAIR MARKET VALUE
1901
Learn More About FAIR MARKET VALUE
Browse
Next Word in the Dictionary: fair–mindedPrevious Word in the Dictionary: fair–maids–of–FranceAll Words Near: fair market value
ADVERTISEMENT
Seen & Heard
What made you want to look up fair market value? Please tell us where you read or heard it (including the quote, if possible).