Fair Market Value DefinitionFair market value is the price (or value) that is agreed upon by both a buyer and seller for an asset or property; when both the buyer and seller are under no pressure to complete the transaction.Fair Market Value Expanded DefinitionFair market value is used in ...
Define fair market value. fair market value synonyms, fair market value pronunciation, fair market value translation, English dictionary definition of fair market value. n. The price, as of a commodity or service, at which both buyers and sellers agree t
Definition:Fair market value (FMV) is the price agreed between a buyer and a seller for a specific asset. Both parties should be aware of the asset’s condition and willing to participate in the transaction with no force. Also, there should be no time pressure for the completion of the ...
fair market value (fmv) is an asset’s estimated value if it were sold today in the current market. fmv is commonly used in real estate to value property, but it’s also used to determine the fair market price for shares of a company’s stock and other financial assets. what is fmv...
Fair market value (FMV) is a property's projected value using current market conditions. Learn how FMV is determined, why it's important, and more.
› How to Determine Fair Market Value › Why Is FMV Important in Real Estate? › Fair Market Value: The Key to Better Investments › Frequently Asked Questions When buying or selling a house, you’ll often hear the term “fair market value” or FMV. This concept plays a crucial...
Definition Entries Near Cite this Entry Share Show less Save Word fair valuenoun1 : a reasonable value (as one set by courts and regulatory commissions) for property 2 : fair market value Dictionary Entries Near fair value fair use fair value fair warning See More Nearby Entries ...
Define Aggregate Fair Market Value. of the Warrant Stock shall be determined by multiplying the number of shares of Warrant Stock by the Fair Market Value of one share of Warrant Stock.
Define Fair Prices. Fair Prices synonyms, Fair Prices pronunciation, Fair Prices translation, English dictionary definition of Fair Prices. n. The price, as of a commodity or service, at which both buyers and sellers agree to do business. American Herita
Given these conditions, an asset's fair market value should represent an accuratevaluationor assessment of its worth in contrast to its current price. These assumptions might make an asset's value higher or lower than its market value. This definition of the term is commonly accepted in accounti...