Usually means: Market price of an asset.
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We found 20 dictionaries that define the word fair value:

General (5 matching dictionaries)
  1. Fair-value, fair-value: Wordnik
  2. fair value: Wiktionary
  3. fair value: Dictionary.com
  4. Fair Value, Fair value: Wikipedia, the Free Encyclopedia
  5. fair value: Longman Dictionary of Contemporary English

Business (15 matching dictionaries)
  1. fair value: Merriam-Webster Legal Dictionary
  2. MoneyGlossary.com (No longer online)
  3. INVESTORWORDS (No longer online)
  4. FAIR VALUE: Accounting Glossary
  5. Glossary of Legal Terms (No longer online)
  6. Fair value: Moneyterms
  7. fair value: Finance-Glossary.com
  8. Fair Value: Management Methods, Models, and Theories
  9. Fair Value: Management Dictionary
  10. Fair Value: Investopedia
  11. Comprehensive Financial (No longer online)
  12. fair value: Legal dictionary
  13. Fair Value: Financial dictionary
  14. Glossary of Trade and Shipping Terms (No longer online)
  15. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (fair value)

noun:  (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).

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