Fair price

The equilibrium price for futures contracts. Also called the theoretical futures price, which equals the spot price continuously compounded at the cost of carry rate for some time interval. In the context of corporate goverance, Fair-Price provisions limit the range of prices a bidder can pay in two-tier offers. They typically require a bidder to pay to all shareholders the highest price paid to any shareholder during a specified period of time before the commencement of a tender offer and do not apply if the deal is approved by the board of directors or a supermajority of the target's shareholders. The goal of this provision is to prevent pressure on the target's shareholders to tender their shares in the front end of a two-tiered tender offer, and they have the result of making such an acquisition more expensive. A majority of states have fair price laws.

Fair Market Value

A subjective estimate of what a willing buyer would pay a willing seller for a given asset, assuming both have a reasonable knowledge of the asset's worth. Fair market value is important in both law and accounting. In the former, it is often used in assessing damages as the result of a lawsuit. In the latter, determining the fair market value of an asset (e.g. after depreciation) is important to determining the amount of tax owed on it.

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References in periodicals archive

The government has decided to give permission to export rawhides for ensuring fair prices for the traders.

Govt decides on rawhide export

23 per Kg per card per month to the list of essential commodities to be distributed through a network of 1809 fair price shops (FPS) spread throughout the state.

Tripura government launches new program to distribute sugar through PDS

At fair price shops, rates of subsidized items are as follows: potato Rs12 per kg, onion Rs13 per kg, tomato Rs21 per kg, ladyfinger Rs107 per kg, bitter gourd Rs59 per kg, masoor whole Rs77 per kg, gram white Rs92 per kg, basin Rs96 per kg and rice new Rs106 per kg.

Fruit, vegetable prices go up by 40 percent

The risk is that Opec's rediscovered optimism encourages members to pursue ever-higher prices again, justifying each increase as a move toward that magical "fair price".

OpeceEs grand planners are already thinking about $70 oil

Not only in giving producers a fair price - but also by encouraging shoppers to buy locally produced milk and other produce by giving them extra points on their loyalty card.

ON THE GRAPEVINE:

Maybe behind closed doors the club would say they'd accept a "fair price" if that offer happened to be PS75million but why feel the need to make such a remark now unless you're trying to generate revenue for yourself and the player?

Romelu able to do his own talking

The Lieutenant Governor's office has approved a proposal for 100 per cent increase in margin money paid to Fair Price Shop licencees for sale of wheat and rice under the PDS.

'ACOMPUTERISED SYSTEM IS IN PLACE FOR ALLOCATION OF FOOD'

A WELSH sheep farmer and a Ugandan coffee farmer compared notes on how to achieve a fair price for their produce on a visit to a Snowdonia farm in North Wales on Friday.

Ugandan and Snowdonia farmer swap notes

Brisa shareholder expects Tagus to pay fair price for minority shares