Definitions
American Heritage® Dictionary of the English Language, Fourth Edition
- n. The amount that a seller may expect to obtain for merchandise, services, or securities in the open market.
Wiktionary
- n. finance The price which a seller or insurer might reasonably expect to fetch for goods, services or securities on the open market.
WordNet 3.0
- n. the price at which buyers and sellers trade the item in an open marketplace
Examples
“This duty is represented by a composition tax (taxe abonnement) assessed at the rate of 0.3 percent on the market value of the real and person estate held by the association.”
The Catholic Encyclopedia, Volume 6: Fathers of the Church-Gregory XI
“Although you are not limited by the amount of the deduction you can take, if the car you leased has a fair market value of over $13,400, you must add a fixed-dollar amount each year to your taxable income as determined by Congress, creating the same effect as the luxury-car deduction limit!”
“I got that number, the market-value-to-sales ratio, by dividing the company’s market value as of May 31, 2000, by its latest twelve-month sales.”
“And it would be Edmond Rabb who determined what the fair market value was.””
“By October, however, cheap rubber from Malaya had undermined the market value of Brazil’s rubber exports; the Brazilian government, unable to pay for the new ship, put the unfinished dreadnought up for sale.”
“IRS rules state that you can rent to a family member and still take all the allowable real estate rental-property deductions, including depreciation, provided you charge your renter/family member at least 80% of the fair market value rent each month.”
“The LTV is the maximum percentage of the market value of a property you would be willing to finance.”
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