fair value
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English
Noun
fair value (countable and uncountable, plural fair values)
- (accounting, economics) A rational, unbiased estimate of the potential market price of goods, services, or assets, taking into account both objective factors (such as production and distributions costs) and subjective factors (such as risks and supply vs. demand).
- Coordinate term: historical cost
Translations
rational estimate
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Further reading
- “fair value”, in Cambridge English Dictionary, Cambridge, Cambridgeshire: Cambridge University Press, 1999–present.
- “fair value” in Longman Dictionary of Contemporary English, Longman.