Fair market value

axiom 9 9 multifunction display

• The fair value of an asset is the price it'll sell for in an open, competitive market whereby the seller and buyers all have adequate information with no external factors like time impacting their decision-making. The fair market value (FMV) is defined as the price set by the open market at which an asset could be sold/purchased.
• Fair market value is the selling price of an asset when both the seller and the buyer are well informed, not under any pressure, and have ample time to make a decision. It is a common term in real estate, auto sales, insurance, and taxes. You can calculate fair market value via appraisals, comparable sales, recent sales, or replacement costs.
• Fair market value under New Jersey law is determined by the price to which a willing and knowledgeable buyer and willing and knowledgeable seller would agree, neither being under any compulsion to act. When considering the question of fair market value, the property's "highest and best use" or the use that produces the highest value ...
• Appraisal Terms & Definitions. Fair Market Value In Place is the professional opinion of the most probable price of the market value of assets expressed in terms of currency. This exchange of assets for currency is between a willing buyer and a willing seller. Neither the buyer nor the seller is under any duress to buy or to sell the assets.
• (5) Where the fair market value of an asset is determined in a currency other than one of the permitted currencies designated by the Reserve Bank of India, then, such value shall be converted into United States Dollar on the date of valuation as per the rate specified by the Central Bank of the country or jurisdiction in which the asset is ...