fair market price

American  

noun

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

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Etymology

Origin of fair market price

First recorded in 1925–30

Example Sentences

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

"The fact that they leave our company proves that we asked for a fair market price and someone was more than happy to take them," Versluys said in a post on LinkedIn, accompanied by a picture of tanks next to a bottle of Ukrainian vodka.

From Reuters

“The International Union has been approached by buyers who say not only are they willing to buy the refinery at a fair market price but have been trying to do so since before the closure notice,” the USW said in a letter seen by Reuters on Saturday that was sent on Friday to members who work at the Lyondell refinery.

From Reuters

He will not earn a base salary or bonus, but will get 2 million stock options valued at a fair market price, which will vest in five years, along with 500,000 restricted share units.

From Reuters

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