fair market values
/fɛr ˈmɑrkɪt ˈvæljuːz/
NOUN
1. Prices of assets in an open market
The prices at which assets, properties, goods, or services would reasonably be exchanged between willing buyers and willing sellers who have relevant knowledge and are not under compulsion to transact.
1.1. Property and asset valuation
The estimated prices of properties or assets based on prevailing market conditions and comparable transactions between willing, informed buyers and sellers.
Synonyms
- market values
- market prices
- fair values
- current market values
- reasonable values
Examples
- The appraiser assessed the property's fair market values in the current real estate market.
- Investors compare fair market values of stocks before making investment decisions.
- The insurance company bases its payouts on the fair market values of damaged vehicles.
Related Words
- appraised values
- assessed values
- valuations
- estimated values
- asset values
1.2. Financial and commercial pricing
The reasonable market prices or monetary values assigned to goods, services, or financial instruments in ordinary commercial transactions.
Synonyms
- market values
- market prices
- prices
- valuations
- values
Examples
- The financial report includes the fair market values of the company's investments.
- The business reviewed fair market values before negotiating the purchase.
Related Words
- asking prices
- list prices
- unit prices
- price points
- rates
- costs