price

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Price

The value of a thing with real or perceived worth. Price represents the amount of value the market has assigned, fairly or unfairly, to a good or service. Normally, prices are expressed in terms of money, but practices such as countertrade and PIK securities indicate that prices may be expressed in goods: "four chickens for two sheep." Price is a necessary component of trade.

Prices tend to be regulated by the law of supply and demand; that is, a price of a good or service increases with smaller supply and/or greater demand. A corollary to this is the idea that commoditization drives prices down because it increases supply (sometimes vastly) while leaving demand the same. Prices likewise rise when the value of money declines. Governments can and have controlled the prices of certain goods and services by subsidy or decree. This is usually an anti-inflationary measure and tends to distort, rather than eliminate, the law of supply and demand. It is thus not generally sustainable as a mechanism for controlling price.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

price

The dollar amount at which a security trades. Stocks are nearly always quoted fully (that is, $25 means $25 per share), while bonds are ordinarily quoted as a percentage of par value (that is, 98 represents $980 per $1,000 par bond).
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

price

the money value of a unit of a GOOD, SERVICE, FINANCIAL SECURITY or ASSET which a buyer is required to pay a seller to purchase the item. Usually the price of a product is fixed by the seller in advance on the basis of the costs of producing and selling the product and the seller's desired profit margin. In other cases, however, prices are variable, being determined by prevailing demand and supply conditions as with the sale, for example, of a STOCK or SHARE, a house or items sold at an auction.

Because a purchase involves a money outlay on the part of buyers who operate within a budget constraint, the price of a product is an important factor in the buying decision. It may well be the paramount consideration in many cases, but for some purchases other elements in the MARKETING MIX (product quality and performance etc.) may be equally if not more important. Thus, although many products (especially COMMODITY-TYPE PRODUCTS) tend to be sold at low, competitive prices, many others can be sold at higher prices, providing customers with a variety of price-quality trade-offs and other product attributes. See MARKET STRUCTURE, MONOPOLY, BUYER'S MARKET, SELLER'S MARKET, PRICING, PRICING OBJECTIVES, PRICING METHODS, FOUR P'S OF MARKETING.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

price

the money value of a unit of a GOOD, SERVICE, ASSET or FACTOR INPUT. In some markets (for example, see PERFECT COMPETITION), price will be determined entirely by the forces of DEMAND and SUPPLY. By contrast, in other markets (for example, MONOPOLY markets) powerful suppliers have considerable discretion over the price that they charge. In certain circumstances, prices may be subjected to governmental PRICE CONTROL or regulated by means of PRICES AND INCOMES POLICY. See also EQUILIBRIUM MARKET PRICE, ADMINISTERED PRICE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

price

An amount of money exchanged for something of value.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
* Average first-quarter residential sale price: 141,074, up 14.52 percent Monadnock Region:
Brooklyn posted an 11% increase to $705,000, while the average sale price in Queens rose 6% to $606,000.
But Moog insisted that the city's valuation should bear at least some resemblance to actual sale prices. Stark contended that such a relationship is impossible considering all the intangible factors in today's market.
Co-op prices in Westchester County have also continued to rise over the past few years, with the 2002 sale price averaging $128,202, representing a nearly 20% increase from 2001.
For the second consecutive quarter, the average sale price for residential properties below 96th Street experienced a slight decline in the All Manhattan Index, reports The Halstead Property Company in the premiere issue of its new magazine, Halstead's New York.
While prices for all properties increased from the end of 1997 to the end of 1998, studios turned in an astonishing 21 percent increase in average sale price. This year also saw a dramatic jump in the average price difference between studio condos and co-ops.
Institutional buyers remained very active, as lease and sale prices continued to rise.
Lease and sale prices continue to rise, with sale prices on trophy buildings breaking the $200 per square foot barrier, and one deal reaching $270 per square foot.
Battery Park was next after Tribeca among Lower Manhattan districts, with average sale prices of $81,000 for a studio, $172,000 for a one-bedroom, $275,000 for a two-bedroom and $545,000 for a three-bedroom.
Midtown continues to be the desirable location, with higher rents and sale prices for Class "A" space.
According to the Market Watch, Rye Neck experienced the largest increase in median home sale price during the first six months of 2004--to $901,500 from $670,000 during the same period in 2003--showing an astonishing increase of over $231,500.
The across-the-board median sale price for all housing sales during 1996 was $235,000 - the same as it was in 1995, and about 2 percent less than 1994's median of $239,500.