market price

Noun

market price (plural market prices)

1. The price at which a product, financial instrument, service or other tradable item can be bought and sold at an open market; the going price.
   • The actual price at which any commodity is commonly sold is called its market price. It may either be above, or below, or exactly the same with its natural price.1776, Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations: Book I: Chapter 7: Of the natural and market Price of Commodities
   • For those that chose to buy based on their usage (mainly non-franchised freight and open access operators), NR passes on the costs of electricity at the market price for that month, hence the significant increases being experienced by the likes of Freightliner.2021 October 20, “Network News: How do operators buy electricity?”, in RAIL, number 942, page 7

   Synonyms:

   market value

2. On restaurant menus, used to mean the price charged depends on the price of supplies, which may vary.

   Synonyms:

   mp, as quoted, aq