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NAL Agricultural Thesaurus
U.S. Department of Agriculture

Concept Breadcrumbs

Fields of Study > economics > economic analysis > economic valuation > market value > fair market value
Economics, Trade, Law, Business, Industry > economics > economic analysis > economic valuation > market value > fair market value
Preferred Term:

fair market value

Definition:
The price at which an item might be sold in a free market to a knowledgeable buyer from a knowledgeable seller and neither is compelled to buy or sell.
Concept Schemes:
NALT Full
Broader Concept:
market value
URI:
https://lod.nal.usda.gov/nalt/138408
Download this Concept:
RDF/XMLCreated 2010-11-02, last modified 2012-11-30
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