fair market price


noun
  1. the price of something at which both a seller and a buyer are willing to strike a deal.

Origin of fair market price

1
First recorded in 1925–30

Words Nearby fair market price

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use fair market price in a sentence

  • Life insurance is a commodity to be bought and paid for at a fair market price.

  • If the devil himself offered to back him up now, he would drive no hard bargain, but pay fair market price for his help!

    Katerfelto | G. J. Whyte-Melville
  • At Trapezus they gave us a market, and we paid for our provisions at a fair market price.

    Anabasis | Xenophon