open market

noun

: an economic market in which prices are based on competition among private businesses and not controlled by a government : free market
How much is it worth on the open market?

Examples of open market in a Sentence

Recent Examples on the Web High restoration costs prompted its owners to contemplate selling it to developers on the open market to become high-end apartments. Troy Aidan Sambajon, The Christian Science Monitor, 7 Aug. 2024 Barkley already had moved on mentally once GM Joe Schoen told him to bring back his best offer on the open market, rather than putting a Giants contract on the table first. Pat Leonard, New York Daily News, 23 July 2024 The county will be forced to pay out of pocket for contracts with other power suppliers, build its own new sources of generation or consistently buy power on the open market. Lulu Ramadan, ProPublica, 28 July 2024 Tagovailoa was entering the fifth and final season on his rookie contract in the fall of 2024, set to make $23.17 million on the fifth-year option before hitting the open market in 2025 if Miami had not secured him on a long-term deal. David Furones, Sun Sentinel, 26 July 2024 See all Example Sentences for open market 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'open market.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Open market.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/open%20market. Accessed 22 Aug. 2024.

Legal Definition

open market

noun
: a freely competitive market in which any buyer or seller may trade and in which prices are determined by competition
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