abbreviationFinance, Business.
  1. fair market value: the price of a property or object that a knowledgeable buyer and seller agree upon, in an unforced transaction that takes place in an open marketplace.

Origin of FMV

First recorded in 1975–80 Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use FMV in a sentence