fair market value

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

fair market value

The price at which a buyer and a seller willingly consummate a trade.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Fair market value.

Fair market value is the price you would have to pay to buy a particular asset or service on the open market.

The concept of fair market value assumes that both buyer and seller are reasonably well informed of market conditions. It also assumes that neither is under undue pressure to buy or sell, and that neither intends to defraud the other.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

fair market value

The amount that a willing buyer would pay a willing seller for property after reasonable exposure to the marketplace.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

Fair Market Value (FMV)

The amount at which property would change hands between a willing buyer and a willing seller, neither being under compulsion to buy or sell and both having reasonable knowledge of the relevant facts.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
FMV's Fitch core capital ratio equalled 84% (at June 2018), a level that is deemed adequate given its limited profitability and its ample concentrations.
"Users will have efficient and timely access to FMV compensation data that is applied consistently across their financial relationships with healthcare professionals.
IRC section 267 seems to apply without regard to the relationship between FMV and the sales price.
Evidently, B's holding period begins when she actually or constructively receives the property because the distribution is treated as if the property were sold to the shareholder at its FMV on that date.
In fiscal year 2010, the 3d MI Center intends to implement an additional, tack-on week of FMV intelligence exploitation training to the original course, concentrating on enhancing the analysts' mission planning and intelligence production skills prior to their deployments.
At the time the call option is issued, it is not transferable and does not have a readily ascertainable FMV. However, it becomes transferable before it is exercised by E.
The parent's percentage of the FMV increment and goodwill is recognized.
For certain property donations, the charitable deduction is reduced from the property's FMV by the amount of any gain, generally resulting in a deduction equal to the taxpayer's basis.
However, if the asset's basis exceeds its fair market value (FMV), for loss purposes the donee takes the FMV.
The New York State Department also says that the entire amount of liabilities encumbering the property are included in consideration, even if the liabilities are in excess of the property's fair market value (FMV).
The term, fair market value (FMV) assumes the business to be on-going and offered for sale in the marketplace for a reasonable period of time.