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 ?
The average sales price of cooperative units in New York City fell by 25 percent to $518,000 this quarter compared to the first quarter last year, the result of fewer sales of high-end units.
According to the report, Manhattan had the highest average sales price for an apartment at $1,196,000, with Brooklyn second at $484,000.
Prewar cooperatives in Northern Manhattan posted the largest increase in median sales price, up 23% to $499,500.
During the past two decades, the 9.2 percent jump in the average sales price in 2017 was exceeded only by the 11.9 percent rise in 2013 and the 12.7 percent jump in 2006, according to RMLS figures.
The combination of the lawsuit and the upcoming election are shining the brightest spotlight on the issue of real estate sales price disclosure since 2007, when a Task Force on Appraisal Reform appointed by Gov.
"It's a wait-and-see scenario on the part of buyers right now, and we believe that sales prices may soften further with more new supply on the way.
The Dubai Residential Property Sales Price Index for all residentials increased by 1.5 points, from 295 to 296.5, which represents an increase of 0.52 per cent in July, according to Reidin.com sales price indices (Spid).
According to The Evans Report, Town-wide, the number of single-family home sales dropped slightly between the first quarter 2011 and the first quarter 2012 from 27 to 23, a difference of 14.8%, while the median sales price dropped from $2,800,000 to $2,110,000.
The second-quarter average sales price for co-ops and condominiums increased to more than $1,455 million, up from more than $1,331 million in the first quarter of this year and from more than $1,432 million during the second quarter of 2010-a 9.3 percent and 1.6 percent increase, respectively.
What do these divergent trends in hotel sales prices mean?
Comparing average sales prices month to month isn't a good indicator of the strength of the market, said Elliott Wood, president of the Eugene Association of Realtors.
"Sellers are receiving strong sales prices for their homes, and buyers are able to take advantage of the continued historically low interest rates and overall affordability that our local market provides."