fair market price
21market price — The *price of a good, service, *commodity or *security negotiated between buyers and sellers in a *free market. Compare *book value and *fair market value …
22fair market value — Actual value or value in money. Re Patton, 227 Wis 407, 278 NW 866, 117 ALR 140. That which property will sell for as between one who wants to purchase and one who wants to sell; in the absence of a ready market and a market price, a constructive …
23fair market value — The *price of an asset in the context of an *arm’s length transaction in a *free market. Compare *book value and *market value …
24fair market value — noun Date: 1901 a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business …
25fair market value — noun The price at which the buyer and seller are willing to do business. See Also: just compensation …
26market — mar·ket n 1: the rate or price at which a security or commodity is currently selling: market price 2 a: a geographical area of demand for commodities or services seeking new foreign market s b: a formal organized system en …
27Market value — (Fair market price) Price (value) determined at arms length between a willing buyer and a willing seller, each acting rationally in his or her own self interest. May be estimated in the absence of a monetary transaction …
28market value — The price for which an article is bought and sold in the ordinary course of business. 22 Am J2d Damg § 146. The price which would be agreed upon at a voluntary sale between an owner willing to sell and a purchaser willing to buy. 27 Am J2d Em D § …
29Fair value — Fair value, also called fair price, is a concept used in finance and economics, defined as a rational and unbiased estimate of the potential market price of a good, service, or asset, taking into account such factors as: * relative scarcity *… …
30Fair trade debate — Fair trade s increasing popularity has drawn criticism from both ends of the political spectrum. Different arguments are used by those who favour and by those who oppose fair trade, or feel that more strict standards and higher fair trade prices… …
