A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the price tends to decline. Conversely, when the supply increases and demand remains constant, the price tends to decline; if supply decreases and demand remains constant, prices tend to rise. Today's markets are not purely competitive; prices are affected by government controls and supports that create artificial supplies and demand, and inhibit free trade, thus making price predictions more difficult for those not privileged with inside government information. The CENTER ONLINE Futures Glossary
————
The amount paid for a security. The price of a security is usually expressed as a percentage of its par value. For mortgage-related securities, the price is usually expressed as a percentage of the current face value. A price greater than 100 percent is a premium price while a price less than 100 percent is a discount price.
————
Price to which the given instrument should be traded in an order or a trade. Also called limit. Chicago Mercantile Exchange Glossary
————
The price of a tradable instrument. This is the last automatic trade or uncrossing price for a security in SETS or the mid-price for a security in SEAQ, SEATS, AIM or an international security (that is securities in EULQ, LSTD, NLLD or OINT market segment. London Stock Exchange Glossary
————
The amount paid for the warrant. NYSE Euronext Glossary
* * *
▪ I. price price 1 [praɪs] noun
1. [countable, uncountable] FINANCE the amount of money for which something is bought, sold, or offered:
• They agreed on a price of $10,000 for the car.
• Some mines may close because of gold's current low price.
• The bonds continued to fall in price.
• Buy one shirt and get a second at half price.
• People today are attracted to discount stores because they don't want to pay full price.
— see also cut-priceˌactual ˈprice
1. [countable] FINANCE a price that is really paid, rather than one that was stated or calculated earlier:
• A $1.1 billion buy-out would in principle equal $40 a share, but the actual price could well be higher.
adˌjusted ˈshare price [countable] FINANCE
the price of a company's shares after a new
share issue (= an occasion when new shares are sold)
a price for a product or service that includes everything, with no additional charges;
= package price AmEˈasking ˌprice also ˈasked ˌprice [countable] FINANCE
on a financial market, the price at which an investor can buy shares, bonds etc from a dealer
— compare bid price a very low price that is particularly good for the buyer:
• This Wal-Mart store has the same bargain-basement prices found in all its outlets.
ˈbargain ˌprice [countable] FINANCE
a low price that is good for the buyer:
• Consumers want top quality paints, but they want them at bargain prices.
the price for the cheapest product in a range, without additional features, Accessories etc:
• The company raised base prices on most of its cars and light trucks.
a price for something that is less than the cost of producing it:
• Chrysler claimed that Japanese manufacturers were dumping minivans in the US at below-cost prices.
the lowest price a buyer can obtain something for or the highest price a seller can sell something for:
• Farmers will take a commodity like grain wherever they can get the best price.
on a financial market, the price at which an investor can sell shares, bonds etc back to a dealer:
• It is trading with a buying, or `bid,' price of $32.75, and a selling, or `asked,' price of $33.
— compare asking priceˈbuying price
1. [countable] FINANCE the price at which someone buys or can buy something:
• Add lawyers' fees and the cost of buying property can rise to 10% of the buying price.
2. [countable] FINANCE the price at which a dealer will buy shares, bonds etc, rather than the price at which they are willing to sell them:
• For investors, the new trading system could bring a narrower spread between buying and selling prices.
ˈcash price [countable]
1. COMMERCE the price charged for something when you buy it immediately using cash or a cheque, rather than the full cost of something bought using
credit:
• Ibanez guitar urgently wanted, any condition, genuine private buyer, good cash price paid or part exchange
2. FINANCE in a takeover or
merger (= when two companies combine), an amount paid to investors in cash rather than in shares:
• American International's $32.50-a-share cash price for International Lease
• In copper, the premium of the cash price over the three-months' contract (= the amount by which the cash price is more than the futures price ) continued to narrow.
ˈcatalogue ˌprice also catalog price [countable] FINANCE
the usual or official price for something, before any reductions;
= LIST PRICE:
• Federal Express will probably pay as much as 30% less than the A300's catalog price, which is about $85 million a plane.
ˈceiling ˌprice [countable] FINANCE
• When MNC first proposed a public stock offering of the unit, it cited a ceiling price of $25 a share.
ˈclosing ˌprice [countable] FINANCE
the price of shares etc at the end of a trading day on a financial market:
• Bond prices ended above Friday's closing prices.
the price paid by the public for goods and services, rather than by businesses:
• Excluding energy, consumer prices actually declined 0.3% this year, reflecting lower housing costs.
the price of something that is sold for what it cost to produce, without any profit for the producer:
• Copies of the video will be made available to course participants at cost price.
prices measured after
inflation has been taken into account, used to compare real present values with earlier values:
a price that includes all charges, for example packing and
transport costs, up to the place of delivery
deˈmand ˌprice [countable usually singular]
ECONOMICS the price which buyers of a particular product will pay when a particular amount of it is made available for sale:
• When the demand price is equal to the supply price, the amount produced has no tendency either to be increased or to be reduced; it is in equilibrium.
a price which is particularly cheap, or lower than the normal price:
• S&K Famous Brands buys excess inventories of men's suits from retailers and resells them at discount prices.
ˈexercise ˌprice [countable] FINANCE
in
option S (= the right to buy particular shares etc at a fixed price during a particular period of time), the price at which you can buy the related shares if you buy a
call option and the price at which you can sell if you buy a
put strike price:
• Call options become almost useless if the stock is below the exercise price.
the price of something that is used or needed to produce something:
• Current factor prices — wages, rents, interest — tell producers about the likely cost of producing the product.
ˌfactory-ˈgate ˌprice also ˈfactory ˌprice, ˈfactory ˌcost, proˈducer price [countable] ECONOMICS COMMERCE
a price paid by distributors to producers of a product:
• Recent figures show relatively firm retail sales and rises in factory-gate prices.
the amount of money that it is reasonable to pay for shares, bonds etc:
• This measures the ratio of the fair price of the share to the book price taken from the balance sheet.
• The long-gilt futures price was 9121, which is slightly overpriced compared with the fair price.
— compare market price a very cheap price for something that the seller has to sell because they need the money:
• Bankrupt firms are falling into foreign hands at firesale prices.
1. [countable] a price that is fixed and definite:
• Sony was the first to announce a firm price and shipping date for DAT recorders.
2. [countable] a price that is not falling:
• Also helping raw sugar prices has been firm prices of refined white sugar.
1. [countable] a price that is definite and that cannot be reduced or increased;
= GUARANTEED PRICE:
• Over the first five years of the contract, most of the gas will be sold at a fixed price.
2. [countable] an official price for a product or service, set by a government. When the amount has been set, it is illegal to sell the item above this price;
= GUARANTEED PRICE:
• The taxis charge a fixed price and are regulated by the city government.
the lowest price a particular product can be sold for:
• The Australian Wool Corporation lowered its floor price by 20% because of falling demand.
• The contract has a floor price of $5.50 per million BTUs — the equivalent of about $32 a barrel.
the fixed price offered for buying a currency or
commodity (= oil, metal, farm product etc) for delivery on a fixed date in the future:
• Most of the activity in aluminium has been in nearby prices and gains in further forward prices have been restricted by continued producer selling.
— compare spot price the price for a
futures contract (= an arrangement to buy a particular currency, metal, farm product etc for a fixed price for delivery on a fixed date):
• Coffee futures prices rose on concerns over available supplies.
guaranˈteed price
• The agriculture commissioner wants to lower milk quotas and to cut guaranteed prices for dairy products.
in selling property, a price that gives buyers a general idea of how much the seller wants, but which may be reduced:
• The old plantation house is for sale, with a guide price of $5 million.
inˈflation-adˌjusted ˌprice [countable] ECONOMICS
• Inflation-adjusted prices for tin products decreased over the past decade.
— compare current prices 2. [countable] the price at which something is sold when it is first available:
• Critics complain that the initial price for interactive TV equipment may be too high.
the price paid by the European Union to farmers who are not able to sell their produce, in order to stop prices falling too low:
• For cereals, he wants to cut the EU's intervention price by 40%.
the price of something as shown on the
invoice (= document sent by a seller to a customer with details of goods or services that have been provided and the payment date), rather than a price that may have been given earlier
the price at which new shares, bonds etc are sold. The issue price of bonds is usually given as a figure in relation to a
nominal price of 100;
= INITIAL PRICE:
• By late afternoon in London, the bonds had risen by about 1.5 from their issue price of 99.161.
ˈknockdown ˌprice [countable] informal
a very cheap price:
• Banks repossessing property face a problem — sell it at a knockdown price or hold it, hoping for a higher price if the market recovers.
manuˌfacturer's recomˈmended ˌprice abbreviation MRP [countable] COMMERCE
• Pharmacies halved the price of the drug, but when legal action followed, they were forced to charge the manufacturer's recommended price.
ˈmarket price
1. [countable] FINANCE the price of something on a market at a particular time:
• The price of A$6.75 for the new shares compares with Thursday's closing market price of A$7.88.
2. [countable] ECONOMICS used to talk about the real price or cost of something that a market decides, rather than one calculated or fixed, for example by a government:
• OPEC self-interest will ensure us of oil at market prices.
3. [countable] FINANCE the price of something calculated in relation to what buyers are willing to pay at a particular time, rather than in some other way:
• measures forcing banks to value assets at market prices, rather than at their original cost
the average price of a number of things
the most typical, common, or frequent price of a number of things:
• The mean price of a yacht listed by BUC now is about $610,000, while the median price is $405,000.
1. [countable] the price actually received by a seller after any costs are taken away:
• The selling price of $78.1 million includes both the buyer's and the seller's commission, so the net price to the seller is approximately $64.5 million.
2. [countable] the price actually paid by a buyer after any reductions:
• We don't want promotions. We just want net prices.
ˌnominal ˈprice
• Whereas oil's nominal price remained stable, its real price fell during this period.
2. [countable] FINANCE a price that does not represent the real cost or value of something:
• Meals were available to the unemployed at a nominal price.
3. [countable] FINANCE the stated price that appears on a bond etc. Bonds are often sold slightly above or below a nominal price of 100;
= FACE AMOUNT; NOMINAL AMOUNT; PAR VALUE
ˈoffer price also ˈoffered price, ˈoffering price FINANCE
1. [countable] in a takeover, the price offered by the buyer for existing shareholders' shares, or the total value of all the shares at this price:
• Hutchinson's offer price values Cavendish at about HK$11.8 billion.
2. [countable] the price at which a share, bond etc is offered for sale;
= ASKING PRICE:
• $300 million of 7½% eurobonds due Feb. 27, 2007 at an initially fixed offer price of 98.91
3. [countable] the price of shares when they are bought and sold for the first time
the price of a product that is fixed by the government of certain countries, for example in the former Soviet Union. It is usually illegal to sell goods for more than the official price:
• Luxury items are regularly sold for much more than the official price by corrupt sales clerks.
the price of a share, bond etc at the beginning of a particular day's trading on a financial market:
• The dollar was trading at 159.62 yen, unchanged from the opening price.
a price for a product or service that includes everything, with no additional charges;
= all-in price Breper subˈscriber ˌprice [countable] COMMERCE
the money paid regularly by someone to receive a broadcasting or telephone service
ˈphysical ˌprice [countable] FINANCE
ˌpopular ˈprice [countable]
a low price:
• We offer quality and dependability at a popular price.
ˈpremium ˈprice [countable] FINANCE
a high price for something special or unusual:
• A strategic buyer is often willing to pay a premium price to gain control of an entire company.
• Producer prices rose 0.2%, or 0.3% after food and energy were excluded.
a price paid by car users for petrol:
• a 16-cent-a-gallon increase in gasoline pump prices
ˈpurchase price [countable] FINANCE
the price it costs to buy something:
• The reason for the high purchase price is to encourage consumers to rent the video, rather than buy it.
ˌrecommended ˈretail ˌprice abbreviation RRP [countable] COMMERCE
• The government has banned manufacturers from setting recommended retail prices for some electrical goods.
a minimum price that a seller will accept, usually in an
auction (= public meeting where something is sold to the person who offers the most money for them ) :
• Land valued up to $2 million can be auctioned with extremely low reserve prices, with acceptable bids as low as 50% of appraised value.
the price of something in a shop, rather than to a
wholesaler (= a seller that sells to shops etc rather than to the public);
= street price AmE:
• Record high retail prices of pork are cooling consumer demand.
1. [countable] the price at which something is offered for sale:
• He declined to estimate the sale price or how long it might take to sell the division.
2. [countable] the price for which something is actually sold:
• The investor's return is the difference between the purchase price and the sale price of the bonds.
3. [countable] the price of something sold in a
sale (= a period of time when a seller offers goods or services at prices that are lower than usual):
• The fare cuts are substantial, but the sale prices may still strike some customers as high.
4. [countable] the price of something sold in an
auction (= public meeting where something is sold to the person who offers the most money for them ) :
• This was a record for a baseball card, with a sale price of $451,000 at Sotheby's.
the price at which something can be bought, or at which it has been sold:
• Union Carbide's earnings are likely to be cut in half by lower selling prices for polyethylene.
the price of a particular company's shares at a particular time:
• Share prices of construction and property investment companies were particularly hard hit during the recession.
a price on a financial market that is steady or falling gradually over a period of time:
• Demand for precious metals will rise during the year and current soft prices will firm.
the price for immediate delivery of a
commodity (= oil, metal, farm product etc);
= CASH PRICE:
• Physical supplies of gold are extremely scarce. The result has been upward pressure on the spot price.
— compare forward price the basic published price of something, especially a car, before any
discount has been taken from it;
= LIST PRICE:
• Cherokees in Japan carry a sticker price of 5.2 million yen.
the price of a company's shares:
• He is trying to help the company operate more efficiently and raise its stock price.
• Stock prices won't keep rising forever.
ˈstreet price [countable]
• Hewlett-Packard expects its new laser printer to sell for a street price of under $800.
ˈstrike price also ˈstriking price [countable] FINANCE
ˌsubsidized ˈprice also subsidised price [countable] ECONOMICS
a price that is less than it would normally be because a government pays the producer part of the costs of producing something:
• For a long time, oil came to Cuba at a subsidized price from the Soviet Union.
sugˌgested ˈretail ˌprice [countable] COMMERCE
• It's offering consumers a $3 rebate from the suggested retail price of $26.99.
supˈply price also supˈplier price [countable] COMMERCE
• Sears locked in its supply prices (= fixed them ) early on with suppliers.
a price for food products promised to farmers by a government. For example, governments who are members of the European Union pay farmers the difference between market prices and support prices whenever market prices are lower;
= GUARANTEED PRICE:
• Farmers are looking for alternative crops in the face of expected cutbacks in EU farm support prices.
ˈtrade price
1. [countable] COMMERCE a price paid by a business when buying from another business, rather than one paid by the public:
• Trade prices or discounts depend on order volume.
2. [countable] FINANCE a price at which an investment is bought and sold:
• He altered some reported trade prices for customers during the stock market crash.
the price for something that is sold by one part of an organization to another part, rather than to a final buyer:
• an agreement with the IRS on transfer prices of products passing between US and foreign affiliates
the price of a single product or a single part of a product:
• Around 80,000 customers bought cards from us last year, with a 90p average unit price.
• Some big wholesale price increases still remain to be passed on to consumers.
on a stockmarket, a situation in which the difference between the selling and buying price of a share is larger than usual
2. at a price used to say that you can obtain something, but only if you pay a lot of money for it, or if the cost is very high in other unpleasant ways:
• The track was designed to allow higher train speeds at a price, and that price was safety.
3. at any price if you are prepared to do something at any price, you are determined to do it, even if it is very difficult and the cost is very high:
• The government is prepared to hang onto power at any price.
• Sorry, that painting's not for sale, not at any price (= no price could be high enough ) .
4. put a price on something to say how much something costs, or to give something a financial value:
• The government hasn't put a price on the stake it wants to sell.
[m0] ▪ II. price price 2 verb [transitive]
1. to fix the price of something that is for sale:
price be priced at
• If the stock is priced at about C$24 a share, it probably will be well received by the market.
• She priced her T-shirts at $22 only to find a competitor moving faster at $20.
• Today's moderately priced clothes look almost as good as high priced designer clothes.
2. to fix the price of bonds, shares etc:
• The notes were priced to yield 6.88%.
price off
• Many commercial loans are priced off (= in relation to ) Fed funds, which currently are around 4%.
3. to compare the prices of things:
• We spent the morning pricing microwaves.
4. to put the price on goods, showing how much they cost
5. price somebody out of the market COMMERCE if you have been priced out of the market, you can no longer afford to buy something because prices have become too high:
• Younger people with jobs need homes but they have been priced out of the housing market.
6. price yourself out of the market COMMERCE to demand too much money for the goods or services you are offering, so that people are no longer willing to buy them:
• The hotels have priced themselves out of the market with typical cost at one chain of $100 to $120 a night compared with our average room cost of $50.
* * *
Ⅰ.
price UK US /praɪs/ noun [C] MONEY, FINANCE
► at/for a price »
We managed to purchase the business for a reasonable price.
house/oil/share prices »
Large increases in house prices have given a strong boost to consumer spending.
»
During the last week of May, share prices surged.
a competitive/fair/reasonable price »
The company hopes to sell its biofuel at a competitive price.
a high/low price »
They sold the property for a high price.
falling/rising prices »
Falling prices should be good news for textile producers.
agree/agree on a price »
It took some time before we could agree on a price
increase/put up/raise prices »
They're quite willing to raise prices when there are more people wanting to buy something than there are units available for sale.
cut/reduce/slash prices »
Companies are slashing prices in an attempt to attract customers who are reluctant to spend.
price increases/reductions/rises »
A spokesman confirmed that the price increases would take effect from next month.
a price of $50/£300/€10,000, etc. »
The stocks reached a price of $25.
»
The plumber will estimate how long the work will take and give the customer a price for labor.
»
Some retailers are still selling the goods at full price.
→
See also ACTUAL PRICE(
Cf. ↑
actual price),
AFTER-HOURS PRICE(
Cf. ↑
after-hours price),
ADJUSTED SHARE PRICE(
Cf. ↑
adjusted share price),
ASK PRICE(
Cf. ↑
ask price),
ASKED PRICE(
Cf. ↑
asked price),
ASKING PRICE(
Cf. ↑
asking price),
BARGAIN-PRICED(
Cf. ↑
bargain-priced),
BASIC PRICE(
Cf. ↑
basic price),
BELOW-COST PRICE(
Cf. ↑
below-cost price),
BEST PRICE(
Cf. ↑
best price),
BID PRICE(
Cf. ↑
bid price),
BUYING PRICE(
Cf. ↑
buying price),
CASH PRICE(
Cf. ↑
cash price),
CATALOGUE PRICE(
Cf. ↑
catalogue price),
CLOSING PRICE(
Cf. ↑
closing price),
CONSUMER PRICES(
Cf. ↑
consumer prices),
COST PRICE(
Cf. ↑
cost price),
CURRENT PRICE(
Cf. ↑
current price),
CUT-PRICE(
Cf. ↑
cut-price),
DELIVERED PRICE(
Cf. ↑
delivered price),
DEMAND PRICE(
Cf. ↑
demand price),
DISCOUNT PRICE(
Cf. ↑
discount price),
EQUILIBRIUM PRICE(
Cf. ↑
equilibrium price),
EXERCISE PRICE(
Cf. ↑
exercise price),
FACTOR PRICE(
Cf. ↑
factor price),
FACTORY PRICE(
Cf. ↑
factory price),
FIRM PRICE(
Cf. ↑
firm price),
FIXED PRICE(
Cf. ↑
fixed price),
FLOOR PRICE(
Cf. ↑
floor price),
FORWARD PRICE(
Cf. ↑
forward price),
GUARANTEED PRICE(
Cf. ↑
guaranteed price),
GUIDE PRICE(
Cf. ↑
guide price),
HALF PRICE(
Cf. ↑
half price),
ACTUAL PRICE(
Cf. ↑
actual price),
INFLATION-ADJUSTED PRICE(
Cf. ↑
inflation-adjusted price),
INITIAL PRICE(
Cf. ↑
initial price),
INTERVENTION PRICE(
Cf. ↑
intervention price),
INVOICE PRICE(
Cf. ↑
invoice price),
ISSUE PRICE(
Cf. ↑
issue price),
LAW OF ONE PRICE(
Cf. ↑
law of one price),
LIST PRICE(
Cf. ↑
list price),
LOW-PRICE(
Cf. ↑
low-price),
MANUFACTURER'S RECOMMENDED PRICE(
Cf. ↑
manufacturer's recommended price),
MARKET PRICE(
Cf. ↑
market price),
MARKET CLEARING PRICE(
Cf. ↑
market clearing price),
MEDIAN PRICE(
Cf. ↑
median price),
NET PRICE(
Cf. ↑
net price),
NOMINAL PRICE(
Cf. ↑
nominal price),
OFFERING PRICE(
Cf. ↑
offering price),
OFFER PRICE(
Cf. ↑
offer price),
OFFICIAL PRICE(
Cf. ↑
official price),
OFF-PRICE(
Cf. ↑
off-price),
OPENING PRICE(
Cf. ↑
opening price),
PACKAGE PRICE(
Cf. ↑
package price),
PER SUBSCRIBER PRICE(
Cf. ↑
per subscriber price),
PHYSICAL PRICE(
Cf. ↑
physical price),
POPULAR PRICE(
Cf. ↑
popular price),
PREMIUM PRICE(
Cf. ↑
premium price),
PRODUCER PRICE(
Cf. ↑
producer price),
PRODUCER PRICE INDEX(
Cf. ↑
producer price index),
PUMP PRICE(
Cf. ↑
pump price),
PURCHASE PRICE(
Cf. ↑
purchase price),
RECOMMENDED RETAIL PRICE(
Cf. ↑
recommended retail price),
RESERVATION PRICE(
Cf. ↑
reservation price),
RESERVE PRICE(
Cf. ↑
reserve price),
RETAIL PRICE(
Cf. ↑
retail price),
RETAIL PRICE INDEX(
Cf. ↑
retail price index),
SALE PRICE(
Cf. ↑
sale price),
SELLING PRICE(
Cf. ↑
selling price),
SHARE PRICE(
Cf. ↑
share price),
SOFT PRICE(
Cf. ↑
soft price),
SPOT PRICE(
Cf. ↑
spot price),
STICKER PRICE(
Cf. ↑
sticker price),
STOCK PRICE(
Cf. ↑
stock price),
STREET PRICE(
Cf. ↑
street price),
STRIKE PRICE(
Cf. ↑
strike price),
STRIKING PRICE(
Cf. ↑
striking price),
SUBSIDIZED PRICE(
Cf. ↑
subsidized price),
SUGGESTED RETAIL PRICE(
Cf. ↑
suggested retail price),
SUPPLY PRICE(
Cf. ↑
supply price),
SUPPORT PRICE(
Cf. ↑
support price),
THRESHOLD PRICE(
Cf. ↑
threshold price),
TRADE PRICE(
Cf. ↑
trade price),
TRANSFER PRICE(
Cf. ↑
transfer price),
UNIT PRICE(
Cf. ↑
unit price),
UPSET PRICE(
Cf. ↑
upset price),
WHOLESALE PRICE(
Cf. ↑
wholesale price),
WIDE PRICE(
Cf. ↑
wide price)
Ⅱ.
price UK US /praɪs/ verb [T]
► COMMERCE,
MARKETING price sth at sth »
With tickets priced at $300 a person, proceeds from the event are to be given to charity.
»
Many stocks are priced as if oil were still $28 to $30 a barrel.
price sth high/low »
The sales team felt that the new product had been priced too low.
attractively/competitively priced »
The major mining stocks look attractively priced, and our recommendation is to buy.
moderately/reasonably priced »
The sales staff always stay at a moderately priced hotel.
► (
also price sth up) »
We priced up the various systems on offer before deciding to go for this one.
► (
also price sth up)
COMMERCE »
All these items need pricing up before they go on display.
»
The gadget had been wrongly priced by the store, but they agreed to sell it to me for the price on the label.