A combination of the Bid, Ask, and Last prices into a single representative price. In OptionVue 5, when the Bid, Ask, and Last are all available, the default formula for MARKET PRICE is (10*Bid + 10*Ask + Last) / 21.
The price actually paid, or to be paid, for a property. It differs from market value in that it is an accomplished fact, whereas market value is and remains an estimate until proved. Market price involves no assumption of prudent conduct by the parties concerned.
security's last reported sale price (if on an exchange) or its current bid and ask prices (if over-the-counter); i.e. the price as determined dynamically by buyers and sellers in an open market. also called market value. see also appraisal, at the money, book value, capital appreciation, capitalization, cartel, oligopoly, monopoly, collapse, crash, equilibrium price, intrinsic value, premium, discount, price discovery, replacement cost insurance, stated value, private market value.
The value of a job on the labor market. Compensation professionals consult relevant compensation surveys to determine the market price for a job in the company's classification system by benchmarking jobs according to job content as depicted in job descriptions.
The price at which the quantity of goods and services demanded by consumers and the quantity supplied by producers are the same. This is sometimes called the equilibrium (a condition in which things are in balance) price.
The price per bushel (or pound or hundredweight) of an agricultural commodity paid in the private sector. It can sometimes refer to the price paid at domestic seaports or large inland terminal markets (such as daily cash prices listed in newspapers) and sometimes refers to the farm price.
The amount actually paid, or to be paid, for a property in a particular transaction. Market price differs from market value; it is an accomplished historical fact, whereas market value is and remains an estimate.
The price of investment fund units listed on a stock exchange or traded over the counter. The price is defined by market forces, whereas the issuing and redemption prices of the units are defined by the management company on the basis of the fund's net asset value (NAV).
The price of an ETF as determined by the market forces of supply and demand. Unlike regular open-end mutual funds, which are always bought and sold at NAV, the market price may differ from NAV. Most ETFs typically trade at market prices near their NAVs.
Market price is an economic concept with commonplace familiarity; it is the price that a good or service is offered at, or will fetch, in the marketplace; it is of interest mainly in the study of microeconomics. Market value is the total market price of a given quantity of a good. In the case of a company, the total market value of the company's shares is its market capitalization.