Glossary F-words SR 00-23 Dated 06/00

Fair Market Value — the price at which a willing seller and a willing buyer will trade. For automobiles and trucks this means the "trade-in value" as specified in the National Automobile Dealers Association (N.A.D.A) Official Used Car Guide, also known as the "Blue Book."

Family — 1 or more children and adults who are related by blood, marriage, or adoption and who reside in the same home.