Fair Market Value
Is the price that an asset (good) would sell for on the open market. This is the term used on the secondary market to indicate the reselling value of an item.
Other resale terms
- Antique
- API (Application Programming Interface)
- Appraisal
- Auction House
- Brick & Mortar
- Buyout
- Circular Economy
- Commission
- Commission Structure
- Condition
- Consignment
- Consignor
- Customer-to-Business Transaction (C2B)
- Dealer
- E-commerce
- Estate Sale
- Insurance Value
- Linear Economy
- Managed Marketplace
- Offer option
- Pawnshop
- Peer-to-Peer Marketplace (P2P)
- Pre-owned
- Pricing Strategy
- Primary Market
- Recommerce
- Replacement Value
- Resell Interface
- Retailer
- Secondary Market
- Sell-through rate / Sales turnover
- Software as a service (SaaS)
- Target markup
- Thrift Shop
- Trade-in
- Vintage