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 ?
'We observed that rawhide prices did not remain within acceptable level since the Eid-ul-Azha day and took decision to export for ensuring its fair price at grassroots levels," he said while talking to local journalists at his Central Road residence in Rangpur.
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.
Qatar's Energy Minister Mohammad bin Saleh al-Sada told a press conference that the members were looking for a fair price for natural gas but denied the forum was aimed at controlling prices.
The GECF, whose members hold just under 70 percent of world s gas reserves, have been vying to establish a mechanism to set fair prices for natural gas to reflect parity with oil.
But in 2008 and the first half of 2009, officials generally thought prices were too low, and continued to insist fair prices were in the $70-100 range despite the collapse of futures prices.
This isn't rocket science - farmers just need a fair price."
"I want the people to think beyond just the issue of paying fair prices, but think about the social aspects of the community itself," he said.
The move could mean the county's food shops offering fair trade coffee and tea, ensuring producers get fair price for their produce.
"When the corporate status quo is threatened by |the rest of us' (seeking better working conditions, national health care, fair prices for farmers, safe food, freedom from toxic pollution, and social justice), the PR flacks, lobbyists, and trade associations mobilize to crush or co-opt the outnumbered, outgunned reformers," Stauber writes.
In view of this, the district administration has finalized to formulate 35 Fair prices shops and 04 Sasta Bazaar that will start work from 1st of Ramadan respectively to provide relief to masses.
A WELL-ATTENDED coffee morning and a farm visit hosted by the FUW during the recent Fairtrade Fortnight (February 23-March 8) highlighted the union's joint campaign with the Wales Fair Trade Forum to promote fair prices for food producers in Wales and throughout the developing world.
The district administration, on the directions of Punjab government also set up Christmas fair price bazaars at various localities of the district.