MLchartDataset catalogue

Fair market value

Term · Environment · MLC-T-ENV-010646

Amount at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts. Fair market value is the price in cash, or its equivalent, for which the property would have been sold on the open market.

Table 1. Record
IdentifierMLC-T-ENV-010646
FieldEnvironment
SubjectSocial and economic factors
References40 CFR 35.6015 (CFR 2018)
Record as JSON 
{
  "id": "MLC-T-ENV-010646",
  "term": "Fair market value",
  "field": "Environment",
  "term_source": "Fair Market Value",
  "definition": "Amount at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts. Fair market value is the price in cash, or its equivalent, for which the property would have been sold on the open market.",
  "subject": "Social and economic factors",
  "references": [
    "40 CFR 35.6015 (CFR 2018)"
  ],
  "url": "https://mlchart.com/terminology/environment/fair-market-value/"
}

Record 10,383 of 29,894 in Environment terminology (MLC-0121). Request the full dataset.