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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:

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

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

Why, they take but one grain at a time when they feed,— So that's a mere trifle; now then, let us see, At a fair market price how much money there'll be.

From Journeys Through Bookland, Vol. 2 by Sylvester, Charles Herbert

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