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Market price

noun

Definitions

Noun
  1. 1
    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.

    "1776, Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations: Book I: Chapter 7: Of the natural and market Price of Commodities The actual price at which any commodity is commonly sold is called its market price. It may either be above, or below, or exactly the same with its natural price."

  2. 2
    the price at which buyers and sellers trade the item in an open marketplace wordnet
  3. 3
    On restaurant menus, used to mean the price charged depends on the price of supplies, which may vary.

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