an unrestricted competitive market in which any buyer and seller is free to participate.
Origin of open market
First recorded in 1760–70
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
- 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