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.
The problem of what constitutes a competitive market rate (or fair market value) for these fees has been left to the Secretary of Health and Human Services. Rita Numerof, Forbes, 2 Jan. 2025 If the referendum passes, taxpayers would pay an additional 24 cents per $1,000 of fair market value. Alec Johnson, Journal Sentinel, 31 Dec. 2024 Going forward, shareholder loans will need to be submitted as an APT and subjected to a fair market value assessment. Dan Sheldon, The Athletic, 22 Nov. 2024 The company recorded a fair market value gain of $416,560 on warrant liabilities, reflecting adjustments required for outstanding warrants. Quartz Bot, Quartz, 14 Nov. 2024 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

Dictionary Entries Near fair market value

Cite this Entry

“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 10 Jan. 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

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!