Definition
Selling price that is fair to both parties considering quality, performance, supply situation, delivery time, and payment options.
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Nearby Terms
- failure mode effect and criticality analysis (FMECA)
- failure of consideration
- failure rate
- failure-to-file penalty
- Fair Access to Insurance Requirements Plan (FAIR)
- fair and equitable test
- fair and reasonable price
- fair comment
- fair competition
- Fair Credit Reporting Act (FCRA)
- Fair Housing Act
- Fair Labor Standards Act (FLSA)
- fair market purchase option
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