noun \ˈprīs\

: the amount of money that you pay for something or that something costs

: the thing that is lost, damaged, or given up in order to get or do something

: the amount of money needed to persuade someone to do something

Full Definition of PRICE

archaic :  value, worth
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
:  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>
:  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

Other Economics Terms

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



: to say or decide how much something costs : to give a price to (something)

: to put a price on (something) : to attach a price tag to (something)

: to learn the price of (something that you are thinking about buying)


Full Definition of PRICE

transitive verb
:  to set a price on
:  to find out the price of
:  to drive by raising prices excessively <priced themselves out of the market>
pric·er noun

Examples of PRICE

  1. They priced the house too high.
  2. Workers quickly priced the new merchandise.

First Known Use of PRICE

15th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite


biographical name \ˈprīs\

Definition of PRICE

(Mary) Le*on*tyne \lē-ˈän-ˌtēn; ˈlē-ən-ˌ, ˈlā-\ 1927– Am. soprano
May 22, 2015
nepotism Hear it
favoritism based on kinship
Take a 3-minute break and test your skills!
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears