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.

fair market value

The price at which a buyer and a seller willingly consummate a trade.

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.

fair market value

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

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.
References in periodicals archive ?
ISLAMABAD -- The District Administration has issued notification to established 35 Fair price Shops and four-sasta bazaar in Islamabad.
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.
Yet, despite our differences, the principle that a farmer should receive a fair price for his produce transcends international boundaries, and is one that we should all support, whether as individuals or as organisations - and this principle should also extend to procurement by public bodies.
In fact, the authors are unable to reject the hypothesis the fair price is merely a lagged function of market prices.
Why is the Healthcare Blue Book (HCBB) fair price of $628.
The move could mean the county's food shops offering fair trade coffee and tea, ensuring producers get fair price for their produce.
The Healthcare Blue Book is an online healthcare pricing solution and mobile app designed to help consumers know what they should reasonably expect to pay for care, understand their treatment options, and find fair prices for healthcare services in their area.
It provides a fair price based on the average amount preferred provider organizations (PPOs) pay to providers by market across the United States.
The Healthcare Blue Book provides consumers with the knowledge they need to get fair prices for their healthcare and is used by consumers who pay for their own healthcare, have high deductible health insurance plans, or need services that their insurance company does not fully cover.
com can help people learn how to obtain fair prices for their healthcare.
They say more people choose H&R Block because they offer clear choices, fair prices and full disclosure.
We think that is false and believe that companies that set fair prices will get a larger share of market.