fair market price

noun

1. the price of something at which both a seller and a buyer are willing to strike a deal.

Word History and Origins

Origin of fair market price¹

First recorded in 1925–30

Example Sentences

Life insurance is a commodity to be bought and paid for at a fair market price.

From Project Gutenberg

If the devil himself offered to back him up now, he would drive no hard bargain, but pay fair market price for his help!

From Project Gutenberg

At Trapezus they gave us a market, and we paid for our provisions at a fair market price.

From Project Gutenberg