market value

Definitions (2)
Related Terms
1. The highest estimated price that a buyer would pay and a seller would accept for an item in an open and competitive market.
2. Accounting: The replacement cost of an item arrived at by deducting estimated carrying, delivery, and selling costs from its estimated selling price. See also fair market value (FMV).

Use 'market value' in a Sentence

Knowing what the fair market value for a product is will help you to know what your first offer should be.
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I wanted to find the market value of the item, so I could see if I should invest in it and possibly start selling it.
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The true market value of what we have to offer can be determined by properly assessing all of the elements that are involved in the equation.
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