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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

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

In the absence of either one of us knowing which figure is closer to the fair market price, the initial number that gets thrown out can psychologically anchor the negotiation around a certain range.

From Slate Feb. 11, 2015

This internal MLB group is due to give its opinion on a fair market price for the Nats’ regional television rights June 1.

From Washington Post May 18, 2012

At Trapezus they gave us a market, and we paid for our provisions at a fair market price.

From Anabasis by Dakyns, Henry Graham

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