fairmarket value

fairmarket value
fair market value n.
The price, as of a commodity or service, at which both buyers and sellers agree to do business.

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Universalium. 2010.

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  • 5 By 5 Power In Trust — A common clause included in many trusts allowing for beneficiary withdrawals from the trust. Specifically, 5 by 5 Power or the 5 by 5 clause , gives the beneficiary power to withdraw the greater of: a) $5,000 or b) 5% of the trust s fairmarket… …   Investment dictionary

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