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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:

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

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

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

I may here add, that Messrs. Champion can make a single set of table knives and forks, the fair market price of which would be 100 guineas.

From The Mirror of Literature, Amusement, and Instruction Volume 14, No. 404, December 12, 1829 by Various

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