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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.

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

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

Buy your mixture of a reliable firm, find out the actual amounts of the plant foods in the mixture and pay a fair market price for them.

From The First Book of Farming by Goodrich, Charles Landon

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