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Fair value
Meaning
Noun
●
In 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).
Sourced from
Wiktionary
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