Fair Trade Price

Finance a la shmoop what is fair market value? double bubble toil and trouble [Man casting a curse]

what is the fair price of this pile of rubble so this term revolves around the

notion of fair like what is fair and by the way who told you the world was fair

anyway all right but financially fair or at least fair market means what the

market will fairly and legally pay for an asset that's fair and so that means [Man discussing financial fair]

fair as in not cash from a Somalian warlords leather briefcase but rather

fair as in the legitimate selling price of this excellent two-bedroom three-bath

shoebox in Palo Alto selling for 3 million dollars today for something to

be "of fair market" the buyer has to be knowledgeable and

unpressured i.e the somalian warlord does not in fact have a gun aimed

at the buyers head or any other body part and generally speaking [Gun aims at buyers body parts]

the market itself has to be a legitimate market like real estate or jewelry or

stocks or bonds or whatever if it's an illegitimate market well it's a probably

wondering why it was born out of wedlock so you can't do that

when you assess fair market value things have to be legal and liquid and well

fair whatever the market will pay for it that's the fair value [Hand dealing out cash]