fair market value

noun

: a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business

Examples of fair market value in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
As discussed in the episode, Trump had it backwards: campaigns are actually required to pay fair market value for production costs to avoid undisclosed contributions. Brian Hiatt, Rolling Stone, 25 May 2025 Also, to use this special rule the executor must exercise due diligence to estimate the fair market value of the assets included in the deceased spouse’s gross estate and report the values under penalty of perjury to the IRS. Martin Shenkman, Forbes.com, 19 May 2025 But campaign finance rules require campaigns to pay the fair market value for the ancillary costs of holding events — everything from staging to the band to food and drink. Ted Johnson, Deadline, 19 May 2025 Deadline also reported that Federal Election Commission rules require campaigns to pay the fair market value for the ancillary costs of holding events — everything from staging to the band to food and drink. Martha Ross, Mercury News, 19 May 2025 See All Example Sentences for fair market value

Word History

First Known Use

1891, in the meaning defined above

Time Traveler
The first known use of fair market value was in 1891

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Cite this Entry

“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 4 Jun. 2025.

Legal Definition

fair market value

noun
: a price at which buyers and sellers both having reasonable knowledge of the property and being under no compulsion are willing to do business

More from Merriam-Webster on fair market value

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