Definition:
Fair Market Value is a legal and accounting term used to describe an appraisal based on an estimate of what a buyer would pay a seller for any piece of property. It is a common way of evaluating the value of property during divorce for negotiating the division of marital assets.
Fair Market Value is a legal and accounting term used to describe an appraisal based on an estimate of what a buyer would pay a seller for any piece of property. It is a common way of evaluating the value of property during divorce for negotiating the division of marital assets.