fair value

Definition of "fair value"
  1. A universally accepted and rational estimation of the worth of an asset, often determined by impartial courts or regulatory bodies
How to use "fair value" in a sentence
  1. The tax assessment will be done based on the fair value of the property at the time of purchase.
  2. The court determined the fair value of the property for the settling of the estate.
  3. The regulatory commission opted to use the fair value of the assets for the evaluation of the company's worth.

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