market price

market price
The price at which a seller is ready and willing to sell and a buyer ready and willing to buy in the ordinary course of trade. The price actually given in current market dealings; price established by public sales or sales in the way of ordinary business. The actual price at which given stock or commodity is currently sold, or has recently been sold in open market, that is, not at forced sale, but in the usual and ordinary course of trade and competition between sellers and buyers equally free to bargain, as established by records of late sales. In the case of a security, market price is usually considered the last reported price at which the stock or bond sold. Market price is synonymous with market value, and means the price actually given in current market dealings, or the price at which the supply and demand are equal. Public Service Commission of State v. MontanaDakota Utilities Co., N.D., 100 N.W.2d 140, 146.
The point of intersection of supply and demand in the market.
See also market value

Black's law dictionary. . 1990.

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