fair market price
- Market value; clear market value. 28 Am J Rev ed Inher T § 359. The result of the opposing views of the willing seller not compelled to sell and a willing purchaser not required to buy. Vale v Du Pont, 37 Del 254, 182 A 668, 103 ALR 946. See clear market value; fair market value.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
fair market price — See fair market value … Black's law dictionary
Fair market price — Amount at which an asset would change hands between two parties, both having knowledge of the relevant facts. Also referred to as market price. The New York Times Financial Glossary … Financial and business terms
fair market price — Amount at which an asset would change hands between two parties, that both have knowledge of the relevant facts. Also referred to as market price. Bloomberg Financial Dictionary … Financial and business terms
fair market price — fair′ mar′ket price n. bus the price at which both a seller and a buyer are willing to do business • Etymology: 1925–30 … From formal English to slang
fair market price — the price of something at which both a seller and a buyer are willing to strike a deal. [1925 30] * * * … Universalium
fair market price — the price of something at which both a seller and a buyer are willing to strike a deal. [1925 30] … Useful english dictionary
Fair Trade Price — A minimum price paid for certain agricultural products imported from developing countries. Fair trade is a movement which believes that it is unethical to pay producers in developing countries the market price if it is too low to provide a… … Investment dictionary
fair market value — The amount at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts. By fair market value is meant the price in … Black's law dictionary
Fair market value — (FMV) is a term in both law and accounting that is based on the economics term of market value. It is also a common basis for assessing damages to be awarded for the loss of or damage to the property, generally in a claim under tort or a contract … Wikipedia
fair market value — n: a price at which buyers and sellers both having reasonable knowledge of the property and being under no compulsion are willing to do business Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. fair market value … Law dictionary