Market price | Legalese Dictionary

Definition

The price at which a seller is willing to sell and a buyer is willing to buy.

Context: Used in General Law

In legal contexts, “market price” refers to the price at which a seller is willing to sell and a buyer is willing to buy.

Jurisdiction: Common law

Legal Areas: General Law

Pronunciation: /market-price/

Etymology: Origin: English legal terminology

Related Terms:

Look up this wording in official UK legislation (opens legislation.gov.uk search).