open market

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open market

n.
1. A freely competitive market operating without restrictions: That painting might fetch a higher price on the open market.
2. The market for Treasury securities through which the Federal Reserve controls the money supply.

open market

n
(Commerce)
a. a market in which prices are determined by supply and demand, there are no barriers to entry, and trading is not restricted to a specific area
b. (as modifier): open-market value.

o′pen mar′ket


n.
an unrestricted competitive market in which any buyer and seller is free to participate.
[1760–70]
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