open market

noun

: an economic market in which prices are based on competition among private businesses and not controlled by a government : free market
How much is it worth on the open market?

Examples of open market in a Sentence

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At the current moment, the Royals have key free agents — such as Adam Frazier and Mike Yastrzemski — heading to the open market. Kansas City Star, 10 Nov. 2025 The New York Yankees have some key players hitting the open market and may not be able to retain all of them. Aaliyan Mohammed, MSNBC Newsweek, 10 Nov. 2025 The Red Sox right-hander hit the open market after his mutual option was declined, allowing the 31-year-old another crack at landing a long-term deal that could carry him into his mid-30s. Mac Cerullo, Boston Herald, 5 Nov. 2025 This is the time of year when free agents hit the open market and future rosters begin to take shape. Stephen J. Nesbitt, New York Times, 3 Nov. 2025 See All Example Sentences for open market

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“Open market.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/open%20market. Accessed 14 Nov. 2025.

Legal Definition

open market

noun
: a freely competitive market in which any buyer or seller may trade and in which prices are determined by competition
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