fair market value
fair market value definition by American Heritage Dictionary
The American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
The price, as of a commodity or service, at which both buyers and sellers agree to do business.
fair market value definition by Wiktionary
English Wiktionary. Available under CC-BY-SA license.
(plural fair market values)
fair market value - Legal Definition
Market value, the price that can be had for property in a reasonable commercial marketplace; in corporate law, the intrinsic value of shares of stock, for purposes of determining a buy-out price.