Fair Market Value: Canada Debt .ca defines Fair Market Value

Bankruptcy Term Fair Market Value

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Canada Debt has the definition to the bankruptcy and debt term Fair Market Value. Finding answers to terms such as Fair Market Value can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Fair Market Value in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Fair Market Value' is used as follows:

That hypothetical value of a piece of property, given a willing purchaser and a willing vendor, and a reasonable amount of time for the property to be exposed to sale.