A public time and appointed place of buying and selling; also, purchase and sale. It differs from the forum, or market of antiquity, which was a public market-place on one side only, or during one part of the day only, the other sides being occupied by temples, theaters, courts of justice, and other public buildings. Wharton. The liberty, privilege, or franchise by which a town … [Read more...]

Engl. law. Market overt is an open or public market; that is, a place appointed by law or custom for the sale of goods and chattels at stated times in public. 2. In London, every day except Sunday, is market day. In the country, particular days are fixed for market days. 2 Bl. Com. 449. 3. It is a general rule that sales of vendible articles made in market overt, are good not … [Read more...]

The price that an item will bring in the open market. … [Read more...]

The percentage of sales in the marketplace attributed to a company or brand. … [Read more...]

See fair market value. The market value of an article or piece of property is the price which it might be expected to bring if offered for sale in a fair market; not the price which might be obtained on a sale at public auction or a sale forced by the necessities of the owner, but such a price as would be fixed by negotiation and mutual agreement, after ample time to find a … [Read more...]