- A price determined by the demand for the commodity in relation to the supply; the price in an open market. 46 Am J1st Sales § 180. If the market is not open but subject to control by all who offer a commodity of like kind, by fixing a price, either by a common, although unexpressed, understanding, the term "market price" means merely quoted price. 46 Am J1st Sales § 180.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
market price — n 1: the price at which a security is currently selling on the market 2: market value (1) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
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market price — The last reported price at which a security was traded on an exchange. Bloomberg Financial Dictionary Last reported/known price of a financial instrument in a market. Euroclear Clearing and Settlement glossary The price of a security. For shares … Financial and business terms
Market Price — The current price at which an asset or service can be bought or sold. Economic theory contends that the market price converges at a point where the forces of supply and demand meet. Shocks to either the supply side and/or demand side can cause… … Investment dictionary
market price — The price at which a seller is ready and willing to sell and a buyer ready and willing to buy in the ordinary course of trade. The price actually given in current market dealings; price established by public sales or sales in the way of ordinary… … Black's law dictionary
market price — noun a) The price at which a product, financial instrument, service or other tradable item can be bought and sold at an open market; the going price. The actual price at which any commodity is commonly sold is called its market price. It may… … Wiktionary