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Wealth Management Glossary

FHLMC FNMA Face Value Fair Market Value (FMV) Federal Home Loan Mortgage Corporation Federal National Mortgage Association Fiduciary Fixed Annuity Fixed-Income Securities Flower Bonds Freddie Mac Free Delivery Free Receipt

Fair Market Value (FMV) The price at which an asset such as stock or real estate is being traded (bought or sold) or is estimated to be worth by an independent, objective third party, such as an appraiser.

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