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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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.
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

o′pen mar′ket


n.
an unrestricted competitive market in which any buyer and seller is free to participate.
[1760–70]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
References in classic literature ?
How came the stone into the goose, and how came the goose into the open market? Tell us the truth, for there lies your only hope of safety."
KARACHI -- At the start of trading on Thursday in the open market, the dollar suffered a further depreciation by 10 paisa against the Pakistani rupees.
Karachi -- On Wednesday, the US Dollar witnessed a further decline in the open market against the Pakistani Rupee declined 30 paisas.
In the open market, the US dollar closed at Rs157.50, which in turn increased prices of goods, and hardships for the general public.
In the open market, the dollar increased by Rs4 to reach Rs157.50.
The value of the US dollar against the rupee continued to strengthen, with the greenback reaching Rs153 in the open market on Thursday afternoon.
On Sunday, potato was sold at Rs40 to Rs50 per kg in the open market against the fixed price of Rs17, onion was sold at Rs60 against the fixed price of Rs35 in the open market, banana was sold at Rs180 to Rs200 in the open market against the fixed price of Rs 124 and lemon was sold at Rs300 against the fixed price of Rs237.
Similarly, the dollar shed its value by Re1 in the open market to be traded at Rs148.50.
KARACHI -- The rupee hit a new intra-day low of 147 to the US dollar in the open market on Wednesday and closed at a record low at 146.25 as demand for dollars remained high, primarily in anticipation of a further depreciation of the local currency in the wake of a loan agreement with the International Monetary Fund (IMF).
Summary: New Delhi [India], Feb 19 (ANI): The Cabinet Committee on Economic Affairs on Tuesday approved the methodology for allowing the allocatee of coal mines for specified end use or own consumption to sell 25 per cent of actual production on ROM basis in open market.
The program, which is to be completed by the end of the 2018 calendar year, will consist of an issuer tender offer and/or open market repurchases.