1. In an open and competitive market, a buyer willingly pays and a seller willingly takes this highest estimated, and acceptable, price for an item . 2. In Accounting, this is the estimated carrying, delivery, and selling costs deducted from the selling price to arrive at the true replacement cost of an item. Also refer to fair market value (FMV).

More On This Topic

Link to This Definition
Did you find this definition of MARKET VALUE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary