Fair market value (FMV) is the price that an arm’s-length buyer would pay in the open market for an asset. FMV is often used by government organizations and financial institutions to value assets to be used as collateral or taxed.
Fair market value (FMV) is the price that an arm’s-length buyer would pay in the open market for an asset. FMV is often used by government organizations and financial institutions to value assets to be used as collateral or taxed.