Fair Market Value

: the hypothetical priceThe dollar amount that was offered, asked, or actually paid for a property. that a willing buyerA market participant who takes a long futures position or buys an option. An option buyer is also called and sellerA person who makes a transfer of title to real estate. will agree upon when they are acting freely, carefully, and with complete knowledge of the situation.

Fair Market Value

Legal termThe time period by the end of which a debt must be fully repaid. Also refers to the maturity period synonymous with MARKET VALUEThe current or prevailing price of a security or commodity as indicated by current market quotations,.

Fair Market Value

The amount of cashMoney or its equivalent (checks, banknotes, etc.). or its equivalent that a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. would bring if exposed for sale in the open market. Also known as Full Cash ValueArizona Revised Statutes defines Full Cash Value (FCV) as being synonymous with market value. For assessment.

Fair Market Value

The highest priceThe dollar amount that was offered, asked, or actually paid for a property. that a buyerA market participant who takes a long futures position or buys an option. An option buyer is also called, willing but not compelled to buy, would pay, and the lowest a sellerA person who makes a transfer of title to real estate., willing but not compelled to sell, would accept.

Fair Market Value

The hypothetical priceThe dollar amount that was offered, asked, or actually paid for a property. that a willing buyerA market participant who takes a long futures position or buys an option. An option buyer is also called and sellerA person who makes a transfer of title to real estate. will agree upon when they are acting freely, carefully, and with complete knowledge of the situation.

fair market value

The priceThe dollar amount that was offered, asked, or actually paid for a property. a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. can realistically sell for, based upon comparableProperties listed in an appraisal report which are substantially equivalent to the subject property, selling prices of other properties in the same area.

Fair Market Value

The priceThe dollar amount that was offered, asked, or actually paid for a property. at which propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. would be transferred between a willing buyerA market participant who takes a long futures position or buys an option. An option buyer is also called and willing sellerA person who makes a transfer of title to real estate., each of whom has a reasonable knowledge of all pertinent facts and is not under any compulsion to buy or sell.

fair market value

This is the amount of money that would be paidThis is the amount of tax posted as paid for the year in question, either in installment payments or for a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. offered on the open market for a reasonable period of time with both buyerA market participant who takes a long futures position or buys an option. An option buyer is also called and sellerA person who makes a transfer of title to real estate. knowing all the uses to which the property could be putAn option contract that gives the holder the right but not the obligation to sell a specified quantity and with neither party being under pressure to buy or sell.

Fair Market Value

What a qualified buyerA market participant who takes a long futures position or buys an option. An option buyer is also called will pay for goods, services, or propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself..