Fair market price

(redirected from Fair Market Prices)
Also found in: Dictionary.

Fair market price

Amount at which an asset would change hands between two parties, where both have knowledge of the relevant facts. Also referred to as market price.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Fair Market Price

What a willing buyer pays a willing seller for a given asset. In a perfectly efficient market, fair market prices are determined by the law of supply and demand and no other factors. In securities, the fair market price is the price of the most recent transaction of that security. Open markets and capitalism, in general, can only exist if prices are set by the market, at least most of the time. See also: Fair Market Value, Invisible Hand.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The travellers visiting major US tourist destinations like Las Vegas, Los Angeles, and San Francisco can pre-book their car rental at fair market prices from Travelauto.com online.
When prices increase because smuggling is stopped, this is good for the farmers who have long been deprived of fair market prices. This will allow them to earn a decent livelihood.
They're looking for new -- or nearly new but tested -- apartments at fair market prices.
"The board also determined that the volumes of natural gas proposed to be exported are not likely to cause Canadians difficulty in meeting their energy requirements at fair market prices." The independent NEB said there would be a particular economic benefit for regional members of the First Nations Haisla Nation.
Though the analysts who proved most prescient believe we're still a long way from the bottom, Paulson plans to buy up toxic assets at "fair market prices"--which is to say more than market prices since holders wouldn't otherwise sell.
To obtain Fairtrade status goods produced in the developing world must be done so in an environment with decent working conditions, environmentally friendly techniques and fair market prices paid to farmers.
At the same time, some large owners of industrial property claim they cannot lease their vast industrial spaces at fair market prices. Some property owners are sitting on hundreds of thousands of vacant warehouse spaces.
Transactions caused by the pressures of bankruptcy and foreclosure will not yield good indications of fair market prices. An example of this can be found in a case where redemption of stock by a family corporation to enable shareholders to pay estate taxes was considered forced.
The committee also determines the fair market prices to be paid for these items.
Unfortunately Gustus was hit with a mighty one-two punch: a national oil glut lowered fair market prices and intensified consumer energy conservation efforts.
With AutorentEurope customers can reserve their hire car well in advance at fair market prices prior that makes it more easy and convenient for the vacationers.