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

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

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Every quarter, Federal Open Market Committee participants turn in a projection of interest rates for the next several years.

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Both brands are independently developing self-owned intellectual properties, and management expects open market competition between the two to help optimize the group’s overall competitiveness and pricing power, the analysts said after meeting with Miniso executives and visiting stores.

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The Federal Open Market Committee lowered the fed-funds rate by a quarter percentage point to a target range of 4%-4.25% at the September policy meeting because of concern about growing labor market weakness.

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Miran dissented at the September meeting of the Federal Open Market Committee, voting for a half percentage-point rate cut, while the majority voted to lower rates by a quarter point.

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