Fair Market Value

Business / Taxes / Fair Market Value: Fair market value is the price you would have to pay to buy a particular asset or service on the open market. The concept of fair market value assumes that both buyer and seller are reasonably well informed of market conditions. It also assumes that neither is under undue pressure to buy or sell, and that neither intends to defraud the other.

Other Words for Fair

Fair Adjective Synonyms: impartial, even-handed, disinterested, equitable, just, unprejudiced, unbiased, objective, square
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Other Words for Market

Market Verb Synonyms: market-place, exchange, Stock Exchange
Market Noun Synonyms: demand, customer base, call
Market Adjective Synonyms: shop, store, bazaar, supermarket, superstore
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Fair Market Value (FMV)

Business / Agriculture / Fair Market Value (FMV): The amount in cash, or on terms reasonably equivalent to cash, for which in all probability something might be sold by a knowledgeable owner to a knowledgeable purchaser. Several federal statutes stat MORE

Market Value

Business / Finance / Market Value: The price at which an asset would pass from an informed and willing seller to an informed and willing buyer, assuming that goodwill played no role in the transaction. MORE

Loan-To-Value Ratio (LTV)

Business / Finance / Loan-To-Value Ratio (LTV): The ratio of money borrowed on a property to the property's fair market value. MORE

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