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What (who) is fair value - definition
FINANCIAL ESTIMATION OF POTENTIAL MARKET PRICE
Fair price; Fair Value; Fair Value Measurement; IFRS 13
Fair Value
The reference against which U.S. purchase prices of imported merchandise are compared during an antidumping investigation. Generally expressed as the weighted average of the exporter's domestic market prices, or prices of exports to third countries during the period of investigation. In some cases fair value is the constructed value. Constructed value is used if there are no, or virtually no, home market or third country sales or if the number of such sales made at prices below the cost of production is so great that remaining sales above the cost of production provide an inadequate basis for comparison. See: Tariff Act of 1930
Fair value
In accounting and in most schools of economic thought, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset. The derivation takes into account such objective factors as the costs associated with production or replacement, market conditions and matters of supply and demand.
fair market value
PRICE OF PROPERTY BETWEEN WILLING AND KNOWLEDGEABLE PARTICIPANTS WHO ARE NOT UNDER STRESS
Fair-market value; Fair Market Value
n. the amount for which property would sell on the open market if put up for sale. This is distinguished from "replacement value," which is the cost of duplicating the property. Real estate appraisers will use "comparable" sales of similar property in the area to determine market value, adding or deducting amounts based on differences in quality and size of the property.
See also: appraise appraiser market value
Wikipedia
Fair value
In accounting, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset. The derivation takes into account such objective factors as the costs associated with production or replacement, market conditions and matters of supply and demand. Subjective factors may also be considered such as the risk characteristics, the cost of and return on capital, and individually perceived utility.
Examples of use of fair value
1. S&P 500 futures were 3.06 points above fair value, while Nasdaq futures were 4.62 points above fair value.
2. With just under an hour before the opening, S&P 500 futures were 2.2 points below fair value, while Nasdaq futures were 4 points below fair value.
3. An hour before the bell, S&P 500 futures were up 4.73 points below fair value, while Nasdaq Composite futures were '.4 points below fair value.
4. Contracts on the S&P 500 traded 3.1 point higher, above fair value while Nasdaq futures gained 5.5 points, also above fair value.
5. S&P 500 futures were down 0.7 point, below fair value while Dow Jones industrial average futures were down ' points, below fair value.