just price

noun

Definition of just price

1 : a price conforming to the doctrine developed in antiquity and elaborated in the medieval period that price should in general correspond to the cost of production
2 : a price approved by common estimate, determined by a legal maximum, or conforming to some other standard of rightness or equity

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History and Etymology for just price

translation of Medieval Latin justum pretium

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Dictionary Entries Near just price

just plain folks

just price

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Cite this Entry

“Just price.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/just%20price. Accessed 28 Jan. 2022.

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