open market


noun

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

Nearby words

  1. open interval,
  2. open juncture,
  3. open learning,
  4. open letter,
  5. open loop,
  6. open marriage,
  7. open mike,
  8. open mind,
  9. open one's eyes,
  10. open one's heart to

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

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