fair value
fair value · fair values
A rational, unbiased estimate of the potential market price of goods, services, or…A rational, unbiased estimate of the potential market price of goods, services, or assets, taking into account both objective factors (such as production and distributions costs) and subjective factors (such as risks and supply vs. demand).
» We got fair market value.
Meaning
1 senses(countable, uncountable)A rational, unbiased estimate of the potential market price of goods, services, or assets, taking into account both objective factors (such as production and distributions costs) and subjective factors (such as risks and supply vs. demand).
Examples
2 sentencesWe got fair market value.
Is that a fair value?
Translations
2 languagesForms
plural: fair values| Singular | fair value |
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| Plural | fair values |
regular
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable