open market

noun
an unrestricted competitive market in which any buyer and seller is free to participate.
Origin:
1760–70

Related forms
o·pen-mar·ket, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
open market
 
—n
a.  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
 b.  (as modifier): open-market value

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Open market is always a great word to know.
So is ninnyhammer. Does it mean:
a gadget; dingus; thingumbob.
a fool or simpleton; ninny.
LEARN MORE UNUSUAL WORDS WITH WORD DYNAMO...
Example sentences
If you want to make money off of something, sell it in the open market.
The logs are not sold on the open market as in the second proposal below.
They should get better value for money if they buy supplies on the open market
  instead of making them themselves.
B sell securities on the open market and raise the discount rate.
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