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fair market value - translation to greek
PRICE OF PROPERTY BETWEEN WILLING AND KNOWLEDGEABLE PARTICIPANTS WHO ARE NOT UNDER STRESS
Fair-market value; Fair Market Value
fair market value
εύλογος αγοραία αξία
market value
PRICE AT WHICH AN ASSET WOULD TRADE IN A COMPETITIVE AUCTION SETTING
Market values
εμπορεύσιμη αξία, εμπορικί αξία
at par
STATED VALUE OR FACE VALUE
At par; Under par; Over par; Par-value stock; Stock value; Par exchange rate
στην ονομαστική αξία
Definition
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 market value
The fair market value of property is the price at which it would change hands between a willing and informed buyer and seller. The term is used throughout the Internal Revenue Code, as well as in bankruptcy laws, in many state laws, and by several regulatory bodies.
In litigation in many jurisdictions in the United States the fair market value is determined at a hearing. In certain jurisdictions, the courts are required to hold fair market hearings, even if the borrowers or the loans guarantors waived their rights to such a hearing in the loan documents.
Examples of use of fair market value
1. This higher rate translates to a lower fair market value.
2. All other things remaining the same÷ If the income increases, the fair market value rises and vice versa If the required rate increases, the fair market value heads south and vice versa If the growth rate declines, the fair market value dips and vice versa.
3. If the selling price approximates the fair market value, the property is fairly valued.
4. They propose raising the price to $1,000 per acre or "fair market value," whichever is more.
5. So the partners cut him a deal at what they felt was fair market value.