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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

Josh Weiss, a Havenpark spokesperson, said the company must charge prevailing market rates when it purchases a park at fair market price.

From Washington Times • Jul. 25, 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

Now a court has to determine a fair market price.

From Los Angeles Times • Oct. 15, 2015

I ha' handled cloam all my life, as my father did avore me, and I'll quote ye a fair market price vor anything you like to show me.

From A Drake by George! by Trevena, John