fair market value definition

  • noun:
    • the purchase price, as of a commodity or service, of which both purchasers and sellers accept conduct business.
    • The price where the customer and seller are able to conduct business.
    • The price, as of a commodity or service, of which both buyers and vendors consent to conduct business.
    • the cost of which the buyer and seller are prepared to work.
    • the cost, since a commodity or solution, from which both buyers and sellers agree to conduct business.
    • The price where the customer and seller are able to do business.

Related Sources

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