resale price

noun

Definition of resale price

1 : a price at which an article is resold by a business concern that buys it for resale
2a : a price suggested (as by a producer) as proper to be charged on resale of an article usually to the ultimate consumer
b : a stipulated price under the various state price maintenance laws at which a branded article must be resold as agreed with the brand owner or a minimum price below which such article cannot be lawfully resold

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Cite this Entry

“Resale price.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/resale%20price. Accessed 17 Jan. 2021.

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