Dictionary

1price

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

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>
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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

2price

verb

: 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)

pricedpric·ing

Full Definition of PRICE

transitive verb
1
:  to set a price on
2
:  to find out the price of
3
:  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

Price

biographical name \ˈprīs\

Definition of PRICE

(Mary) Le*on*tyne \lē-ˈän-ˌtēn; ˈlē-ən-ˌ, ˈlā-\ 1927– Am. soprano
PRICING Defined for Kids

1price

noun \ˈprīs\

Definition of PRICE for Kids

1
:  the quantity of one thing given or asked for something else :  the amount of money paid or to be paid
2
:  the cost at which something is gotten or done <Giving up privacy is the price of fame.>
3
:  a reward for the capture of a criminal

Synonym Discussion of PRICE

price, charge, and cost mean the amount asked or given in payment for something. price usually refers to what is asked for goods. <What is the price of the car?> charge usually refers to the amount asked for services. <There is a charge for the first visit.> cost is usually used to state what is paid for something by the buyer rather than what is asked by the seller. <The cost of our dinner seemed very high.>

2price

verb
pricedpric·ing

Definition of PRICE for Kids

1
:  to determine the amount something costs <The house is priced too high.>
2
:  to find out how much something costs <I've been pricing TVs.>

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