A market characterized by large volume, active and competitive trading, narrow spreads between bid and ask prices.
A tight market, as opposed to a thin market, is one in which volume is large, trading is active and highly competitive, and spreads between bid and ask prices are narrow.
A market in which trading volume is high and competitive and spreads between bid and ask prices are narrow.
Market (overall or for a particular security) characterized by high volume and small spreads.
In the property and liability insurance business, underwriting philosophies fluctuate between periods called the tight or hard market and the soft market. The tight or hard market is the period when underwriting standards are very tight and the rates are high. Normally the hard market closely follows a soft market period where the underwriting standards had been soft and the price or rates are very low, resulting in substantial underwriting losses. The cycle swings back and forth between soft underwriting with low rates and heavy losses, to the hard market with subsequent tightening of standards and dramatic increases in price.
Market for a security, or the overall market, that is characterized by very active trading and narrow bid and asked price spreads. See: Asked Price; Narrow Market; Spread; Volume
Market in which the spreads between the asking and offer price of real estate are small. The property may be in abundant supply and actively traded.
