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

In exchange, according to the plans, Disney is proposing to pay $40 million for the roads, what city planners said is fair market price.

From Los Angeles Times

"The fact that they leave our company proves that we asked for a fair market price and someone was more than happy to take them," Versluys said in a post on LinkedIn, accompanied by a picture of tanks next to a bottle of Ukrainian vodka.

From Reuters

“We remain committed to following the facts to determine the extent to which former President Trump broke the law or violated the Constitution when he failed to report gifts and took possession of valuable items without paying the fair market price for them,” Mr. Raskin said.

From Washington Times

“The International Union has been approached by buyers who say not only are they willing to buy the refinery at a fair market price but have been trying to do so since before the closure notice,” the USW said in a letter seen by Reuters on Saturday that was sent on Friday to members who work at the Lyondell refinery.

From Reuters

While Kobach’s campaign initially considered that to be a fair market price, the agreement said, it later conceded that it was below market value, resulting in an illegal campaign contribution from We Build the Wall.

From Seattle Times