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fair-market value

Syllabification: fair-mar·ket val·ue

Definition of fair-market value in English:

noun

A selling price for an item to which a buyer and seller can agree.
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.

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