wholesale price

The price paid by the retailer, often known as the cost price. Sylvester v Ammons, 126 Iowa 140, 101 NW 782. The term has a fixed, certain, and well-defined meaning in the mercantile world, and signifies the price fixed on merchandise by one who buys it in large quantities of the producer or manufacturer, and sells the same to jobbers, or to retail dealers therein. Fawkner v Smith Wall Paper Co. 88 Iowa 169, 172. As to the use of parol evidence in explanation of the term "wholesale factory price," see Anne: 89 ALR 1248.

Ballentine's law dictionary. . 1998.

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  • wholesale price — ➔ price1 * * * wholesale price UK US noun [C] COMMERCE ► the price that a store or business pays for goods that it will then sell to the public: »Restaurants may charge as much as four times the wholesale price for wine. → Compare RETAIL PRICE( …   Financial and business terms

  • Wholesale price —   The rack sales price charged for No. 2 heating oil; that is, the price charged customers who purchase No. 2 heating oil free on board at a supplier s terminal and provide their own transportation for the product.   U.S. Dept. of Energy, Energy… …   Energy terms

  • wholesale price — / həυlseɪl praɪs/ noun a price charged to customers who buy goods in large quantities in order to resell them in smaller quantities to others …   Marketing dictionary in english

  • wholesale price — / həυlseɪl praɪs/ noun the price charged to customers who buy goods in large quantities in order to resell them in smaller quantities to others …   Dictionary of banking and finance

  • wholesale price — Fin a price charged to customers who buy large quantities of an item for resale in smaller quantities to others …   The ultimate business dictionary

  • wholesale price — That which retailer pays in expectation of obtaining higher price by way of profit from resale to ultimate consumer. Guess v. Montague, D.C. S.C., 51 F.Supp. 61, 65 …   Black's law dictionary

  • wholesale price — selling of items at a discounted rate …   English contemporary dictionary

  • wholesale price index — UK US noun [C, usually singular] (ABBREVIATION WPI) ECONOMICS ► a list of some basic wholesale prices that shows how they change over time, used to measure inflation: »Year on year inflation, measured by the wholesale price index, is currently 3% …   Financial and business terms

  • wholesale price index —  measure of changes in the prices charged by manufacturers and wholesalers. Wholesale price indexes measure the changes in commodity prices at a selected stage or stages before goods reach the retail level; the prices may be those charged by… …   Universalium

  • wholesale price index — noun an index of changes in wholesale prices • Syn: ↑producer price index • Hypernyms: ↑price index, ↑price level * * * noun : an index measuring the change in the aggregate wholesale price of a large number of commodities in the primary market… …   Useful english dictionary

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