Investment dictionary

FAIR MARKET VALUE

Fair Market Value: translation

The price that a given property or asset would fetch in the marketplace, subject to the following conditions:

1. Prospective buyers and sellers are reasonably knowledgeable about the asset; they are behaving in their own best interests and are free of undue pressure to trade.

2. A reasonable time period is given for the transaction to be completed.

Given these conditions, an asset's fair market value should represent an accurate valuation or assessment of its worth.

Fair market values are widely used across many areas of commerce. For example, municipal property taxes are often assessed based on the fair market value of the owner's property. Depending upon how many years the owner has owned the home, the difference between the purchase price and the residence's fair market value can be substantial.

Fair market values are often used in the insurance industry as well. For example, when an insurance claim is made as a result of a car accident, the insurance company covering the damage to the owner's vehicle will usually cover damages up to the fair market value of the automobile.

  1. fair market value—fair market value translation fair market value UKu USu nounu [Uu] also fair value COMMERCEu a price that is neither too high nor too low in relation to the prices of s...Financial and business terms
  2. fair market value—fair market value translation fair market value That hypothetical value of a piece of property given a willing purchaser and a willing vendor and a reasonable amount of t...Glossary of Bankruptcy
  3. fair market value—рыночная цена равновесная рыночная цена справедливая рыночная цена разг.em...Англо-русский словарь страховых терминов
  4. fair market value—сокр. FMV эк.u справедливая рыночная стоимость [цена\] цена при которой товар может быть продан на рынке если стороны сделки не находятся под принуждением и хорошо осведо...Англо-русский экономический словарь
  5. fair market value—справедливая рыночная стоимость справедливая рыночная цена...Англо-русский юридический словарь
  6. fair market value—ринкова цна цна купвлпродажу за нормальних ринкових умов...Англо-украинский бизнес словарь
  7. fair market value—эк. market value...Новый англо-русский толковый словарь по маркетингу и торговле