an unrestricted competitive market in which any buyer and seller is free to participate.
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Origin of open market
First recorded in 1760–70
Related formso·pen-mar·ket, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for open market
- a market in which prices are determined by supply and demand, there are no barriers to entry, and trading is not restricted to a specific area
- (as modifier)open-market value
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012