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What does fair value mean?

Updated: 4/28/2022
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Wiki User

15y ago

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"Fair Market Value" can be defined as the highest price a ready, willing, and able buyer of an object will pay and the lowest a ready, willing, and able seller of that object will accept; granted neither the buyer nor the seller is being "forced" unjustly into the transaction. To be completely accurate, fair market value cannot be established until an object (a house, for example) is actually sold.

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Ebba Hoeger

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2y ago
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Q: What does fair value mean?
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