FAIR MARKET VALUE Definition

Bookmark and Share

FAIR MARKET VALUE is the price at which a willing seller will sell and a willing buyer will buy, in an arms- length transaction, when neither is under compulsion to sell or buy and both have reasonable knowledge of relevant facts.

Learn new Accounting Terms

BRAND NAME is a name given to a product or service.

GOING RATE is an expression that means the cost of the average of suppliers of like products or services. The connotation is that the cost will be "no more expensive than the competition."

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.