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open market

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noun

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

OTHER WORDS FROM open market

open-market, adjective
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

How to use open market in a sentence

British Dictionary definitions for open market

open market

noun

  1. 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
  2. (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
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