FMV

abbreviationFinance, Business.

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

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

And the two of us say that paying college athletes their "fair-market value" is a batty idea.
Kevin Ware and Market Value of College Athletes | Michael Tomasky | April 2, 2013 | THE DAILY BEAST
The farmer sells his wheat, at a fair market value, to the miller, or pays him a stipulated percentage for grinding and bolting.
Norman's New Orleans and Environs | B. M. Norman

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