fair market price

the price of something at which both a seller and a buyer are willing to strike a deal.


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Example sentences
Once the appraisal is completed, you will be contacted with the property's fair
  market price.
The contracting officer shall estimate the fair market price of the work to be
  performed by the contractor.
Where no open market exists, the taxpayer must use other evidence to
  substantiate a fair market price.
The purchase price is the fair market price on the date the option is granted.
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