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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.

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 • Nov. 16, 2022

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

“We’ve seen slow growth since at least 2004 and we see both the demand and the fair market price lasting a very long time.”

From Washington Times • Oct. 26, 2016

He said Haystack has a contract with CCI and pays a "fair market price" for the milk supplied.

From Los Angeles Times • Sep. 30, 2015

Life insurance is a commodity to be bought and paid for at a fair market price.

From The New England Magazine, Volume 1, No. 1, January 1886 Bay State Monthly, Volume 4, No. 1, January, 1886 by Various