Question

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

Explanation:

Fair market value is the amount that a willing and informed buyer would pay to a willing and informed seller in an arm - length transaction. Among the given options, the closest is the amount someone is willing to pay for an item, assuming both parties are well - informed and acting freely.

Answer:

The amount someone is willing to pay for an item.