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fair market price

American  

noun

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


Etymology

Origin of fair market price

First recorded in 1925–30

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

In exchange, according to the plans, Disney is proposing to pay $40 million for the roads, what city planners said is fair market price.

From Los Angeles Times • Jan. 27, 2024

Josh Weiss, a Havenpark spokesperson, said the company must charge prevailing market rates when it purchases a park at fair market price.

From Washington Times • Jul. 25, 2022

And Tim Hortons franchisees complained that they were forced to pay excessive prices for goods, including more than $100 above a fair market price for each case of bacon.

From Slate • Apr. 28, 2022

This internal MLB group is due to give its opinion on a fair market price for the Nats’ regional television rights June 1.

From Washington Post • May 18, 2012

An honest bargain is that only in which the fair market price or value of a commodity is mutually allowed, so far as this is known.

From The Young Man's Guide by Alcott, William A. (William Andrus)