fair market price
noun
the price of something at which both a seller and a buyer are willing to strike a deal.
Origin of fair market price
1First 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-MelvilleAt Trapezus they gave us a market, and we paid for our provisions at a fair market price.
Anabasis | Xenophon
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