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SourceLaw Dictionary Browse Letter M

Market

Legal definition for Indian law research

Definition

market


1 : the rate or price at which a security or commodity is currently selling
: market price
2 a : a geographical area of demand for commodities or services [seeking new foreign s]
b : a formal organized system enabling the transaction of business between buyers and sellers of commodities [a futures ] see also stock market
c : a specified category of potential buyers [the youth ]
3 a : the course of commercial activity by which the exchange of commodities is accomplished [the is quiet]
b : an opportunity for selling [developing new s]
c : the available supply of or potential demand for specified goods or services [the labor ] [the for durable goods]
d : the area of economic activity in which buyers and sellers come together and the forces of supply and demand affect prices [studying forces and behavior]




Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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