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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.

See Examples For:

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

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

Who decides what is a fair market price?

From Washington Post Mar. 19, 2021

Microsoft still finds it difficult to get renewables at a fair market price when drawing up long-term contracts with utilities, said Michelle Patron, the company’s director of sustainability.

From Seattle Times Nov. 30, 2017

Buy your mixture of a reliable firm, find out the actual amounts of the plant foods in the mixture and pay a fair market price for them.

From The First Book of Farming by Charles Landon Goodrich

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