fair market value

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fair market value

n.
The price, as of a commodity or service, at which both buyers and sellers agree to do business.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
References in classic literature ?
(2) Such supplies will be bought from them at such prices as seller and buyer may agree on, and if a seller is unable to obtain a fair price he will be free to take his goods back to his village and no one may hinder him under any pretense.
They have even organized a "Kickers' League"--the only body of its kind in any country--to demand good service at a fair price. The daily loss from bureaucratic telephony has become enormous.
They charge a fair price and make ten per cent profit for the State.
If our honorarium is unsatisfactory, kindly telegraph us at once and state what you consider a fair price."
She would bring a fair price in the north, and there was, too, the buried treasure beside the ruins of the Englishman's house.
In an other year or so he hoped he would be able to sell the old Diana to a firm in Japan for a fair price. He intended to return home, to Bremen, by mail boat, second class, with Mrs.
'If you please, sir,' I said, 'I am to sell this for a fair price.'
But we will tell you to your face before the present company that you are a man of vulgar and undeveloped mind; we will openly deny you the right to speak in future of your honour and conscience, for you have not paid the fair price of such a right.
She undertook such jobs and was frequently employed, as she was very honest and always fixed a fair price and stuck to it.
They might have done it, if only they could have gotten pure food, and at fair prices; or if only they had known what to get--if they had not been so pitifully ignorant!
'We observed that rawhide prices did not remain within acceptable level since the Eid-ul-Azha day and took decision to export for ensuring its fair price at grassroots levels," he said while talking to local journalists at his Central Road residence in Rangpur.
The point of Fairtrade is to make sure that farmers are getting a fair price for the crops they produce and that these products are sold at a fair price in shops.