Fair Market Value
Fair market value is the determined worth or value of an asset based on its likely sales price to a third-party purchaser. In essence, it's the reasonable amount a buyer would pay to purchase it at a given moment in time.
Fair market value is the determined worth or value of an asset based on its likely sales price to a third-party purchaser. In essence, it's the reasonable amount a buyer would pay to purchase it at a given moment in time.