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Simple English definitions for legal terms

fair market price

Read a random definition: intrinsic ambiguity

A quick definition of fair market price:

Fair market price refers to the amount of money that a buyer is willing to pay and a seller is willing to accept for a product or service in a fair and open market. It is the point where supply and demand meet. It is also known as fair market value and is used to determine the monetary worth of something in an exchange.

A more thorough explanation:

Definition: Fair market price is the price at which a seller is willing to sell and a buyer is willing to buy a product or service in an open market and in an arm's-length transaction. It is the point where supply and demand meet.

Examples: If a person wants to sell their car and another person is willing to buy it for $10,000, then $10,000 is the fair market price. Similarly, if a company wants to sell its shares and investors are willing to buy them for $50 per share, then $50 is the fair market price.

Explanation: The examples illustrate that fair market price is the price that both parties agree upon in a transaction. It is not influenced by any external factors and is determined solely by the supply and demand of the product or service being sold.

fairly-debatable rule | fairness doctrine

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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