open market

noun

1. an unrestricted competitive market in which any buyer and seller is free to participate.

open market

noun

1. 1. a market in which prices are determined by supply and demand, there are no barriers to entry, and trading is not restricted to a specific area
   2. ( as modifier )

      open-market value

Other Words From

• open-market adjective

Word History and Origins

Origin of open market¹

First recorded in 1760–70

Example Sentences

A 2023 report by Duke University revealed that data brokers were selling sensitive data on individuals’ mental health conditions on the open market.

From Los Angeles Times

The team is probably unlikely to land the 26-year-old superstar, who is expected to command a contract upward of $600-$700 million on a frenzied open market.

From Los Angeles Times

All were purchased on the open market because manufacturers declined to provide samples, he said.

From Los Angeles Times

And giving a 32-year-old player who annually has one of the league’s higher strikeout rates a lucrative three-year deal — Hernández is projected to receive between $60 million-$70 million on the open market — would represent a break from their typical operating procedure.

From Los Angeles Times

However, he and Hernández are now on the open market, and fans were quick to seize on the opportunity to meet the two players while they could.

From Los Angeles Times