Fair market value
id:
fair-market-value-169-4324167
title:
Fair market value
text:
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
brand slug:
wiki
category slug:
encyclopedia
description:
Legal concept
original url:
https://en.wikipedia.org/wiki/Fair_market_value
date created:
2005-01-27T03:42:46Z
date modified:
2024-08-31T20:49:50Z
main entity:
{"identifier":"Q5429965","url":"https://www.wikidata.org/entity/Q5429965"}
image:
fields total:
13
integrity:
15