market price definition

  • noun:
    • The current cost at which product, securities, or products can be bought.
    • The price from which something, economic instrument, service or any other tradable item can be bought and sold at an open market; the going cost.
    • On restaurant menus, used to imply the price recharged is dependent on the price of supplies, that may differ.
    • the cost from which purchasers and vendors exchange that in an open market

Related Sources

  • Hypernym for "market price"
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