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fair market price

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noun
the price of something at which both a seller and a buyer are willing to strike a deal.
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His boss, whom he admires, is waiting to meet with him about the big project.
His boss, who he admires, is waiting to meet with him about the big project.
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Origin of fair market price

First recorded in 1925–30

Words nearby fair market price

Fair Isle, Fair Lawn, fairlead, fair list, fairly, fair market price, fair-minded, Fairmont, fairness, fairness doctrine, Fair Oaks
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use fair market price in a sentence

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

    The New England Magazine, Volume 1, No. 1, January 1886|Various

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

    Katerfelto|G. J. Whyte-Melville

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

    Anabasis|Xenophon
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