In the context of futures, the equilibrium price for futures contracts . Also called the theoretical futures price , which equals the spot price continuously compounded at the cost of carry rate for some time interval. More generally, fair value for any asset simply refers to the perception that it is neither underpriced (too cheap) over overpriced (too expensive).
FAIR VALUE
Meaning of FAIR VALUE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012