Fair price


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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.
References in periodicals archive ?
The Delhi government has allowed Fair Price Shops to sell all goods and services except eight categories of prohibited items.
Fair Price Curve(TM)- Calculates the fair price to purchase any given product based on recent price history and data from real shoppers so that shoppers get a great deal when they decide to buy.
The FUW and the Wales Fair Trade Forum formally teamed up to promote fair prices for food producers in Wales and throughout the developing world at the 2008 Royal Welsh Winter Fair - shortly after Wales was officially declared the first-ever Fair Trade Nation.
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.
A fair price about The Well taking at least as many corners as Celtic might be 7-4.
Hundreds of franchise of fair price shops from across the state and the workers and labourers hired by them staged a sit-in demonstration in the city, blocking a busy street.
com faults: 12 Used Car Expert price guide: A fair price for a 2008 Saab 9-3 1.
From the early seventies onwards, and ever since OPEC first began to play a key role in the marketing and pricing of oil, a wide debate about a fair price for crude oil has been ongoing.
We believe that the price of $75 per barrel is a fair price," Seifollah Jashnsaz, NIOC managing director said.
Now they're taking on the supermarkets by organising The Great Milk Debate, a campaign which will press all retailers to give dairy farmers a fair price for their milk
I ALWAYS opt for Fairtrade bananas and coffee, safe in the knowledge a fair price is being paid to the producers in the Third World.
The move could mean the county's food shops offering fair trade coffee and tea, ensuring producers get fair price for their produce.