open market

noun

1. an unrestricted competitive market in which any buyer and seller is free to participate.

open market

noun

1. 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

Other Word Forms

• open-market adjective

Word History and Origins

Origin of open market¹

First recorded in 1760–70

Example Sentences

But Arne Gurtner, Equinor's senior vice president for the UK, has previously said that: "If the UK needs Rosebank oil, it will go to the UK through open market mechanisms."

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Absent accurate inflation data and labor statistics, members on the Federal Open Market Committee will be hand-tied on setting rates and constantly behind the curve when it comes to decision-making.

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Paulson will become a voting member of the Federal Open Market Committee in 2026.

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Ten members of the Federal Open Market Committee indicated in September that they thought the Fed should cut rates twice more by year end.

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Bostic is currently a nonvoting member of the Federal Open Market Committee.

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