Question

what is the definition of fair market value? an order to sell a stock when the market price reaches or drops below a specific level. this is used to limit the losses. a plan for how you spend your money the amount someone is willing to pay for an item. the amount of money you have after selling one asset and paying off the liability associated with that asset. where new securities are sold to the public for the first time. these securities are sold from the company themselves the idea that a dollar today is worth more than a dollar received in the future. assets such as stocks, bonds, mutual funds, etc. that are acquired for the purpose of earning a return (increasing in value).

Explanation:

Fair Market Value is the amount that a willing - buyer would pay and a willing - seller would accept for an item in an arm's - length transaction. Among the options, the closest is the amount someone is willing to pay for an item. The other options describe stop - loss orders, budgets, net proceeds, initial public offerings, time - value of money, and investment assets respectively.

Answer:

The amount someone is willing to pay for an item.