price

¹price

noun \ˈprīs\

Definition of PRICE

1

archaic : value, worth

2

a : the quantity of one thing that is exchanged or demanded in barter or sale for another b : the amount of money given or set as consideration for the sale of a specified thing

3

: the terms for the sake of which something is done or undertaken: as a : an amount sufficient to bribe one <believed every man had his price> b : a reward for the apprehension or death of a person <an outlaw with a price on his head>

4

: the cost at which something is obtained <the price of freedom is restraint — J. Irwin Miller>

Examples of PRICE

1. You paid a high price for the car.
2. We bought the house at a good price.
3. The price of milk rose.
4. What is the difference in price between the two cars?
5. I know he said he wouldn't do it, but I think it's just a matter of finding his price.

Origin of PRICE

Middle English pris, from Anglo-French, from Latin pretium price, money; probably akin to Sanskrit prati- against, in return — more at pros-

First Known Use: 13th century

Related to PRICE

Synonyms: ante, charge, cost, damage, fee, figure, freight, price tag

Related Words: fair market value, market value, valuation, value; asking price, list price, sticker price; price point, rate, tariff, unit price; carrying charge, overcharge, service charge (also service fee), surcharge; deduction, discount, markdown, reduction, sale; deposit; down payment; account, bill, check, invoice, tab

see all synonyms and antonyms

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Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with PRICE

dice, gneiss, ice, lyse, nice, pice, rice, slice, spice, splice, syce, thrice, trice, twice, vice, vise