Fair market value

Definition - Noun
: a price at which buyers and sellers both having reasonable knowledge of the property and being under no compulsion are willing to do business

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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slight negligence

failure to exercise the great degree of care typical of an extraordinarily prudent person

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