fair market value
noun /ˌfeə ˌmɑːkɪt ˈvæljuː/
/ˌfer ˌmɑːrkɪt ˈvæljuː/
[uncountable] (especially North American English)- the price for an item that both a buyer and a seller would consider to be fair
- She hired an agent to assess the fair market value of the property.