Home > Term: fair market value (FMV)
fair market value (FMV)
The amount in cash, or on terms reasonably equivalent to cash, for which in all probability something might be sold by a knowledgeable owner to a knowledgeable purchaser. Several federal statutes state that the federal government should receive fair market value when exchanging or selling federal lands and resources.
- Μέρος του λόγου: noun
- Κλάδος/Τομέας: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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