公允市場價值
fair market value
(1)買賣雙方願意交換資產的價格。(2)針對包銷商集團報價進行互換交易的價格-如不存在掉期交易，交易商通產按正常經營過程支付證券的價格。
Price at which property would change hands between a buyer and a seller without any compulsion to buy or sell, and both having reasonable knowledge of the relevant facts.