Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Fair Market Value (FMV)

Updated on 2023-08-29T11:54:59.011042Z

Fair Market Value (FMV) commonly used in real estate and tax law. The value represents the selling price of the property in the open market.