Definition of fair-market value in English:

fair-market value

Syllabification: fair-mar·ket val·ue


A selling price for an item to which a buyer and seller can agree.
More example sentences
  • Prior to 1969, anyone who created such works could deduct their fair-market value, provided that the works were donated to an appropriate institution.
  • With few exceptions, auctioned cars tend to sell in the $400 to $500 range, even if their fair-market value is estimated to be much higher.
  • Currently, the main way to get a sense of your stock's fair-market value is - as it's always been - by negotiating a deal.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day deictic
Pronunciation: ˈdīktik
denoting a word whose meaning depends on context...