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open market |
Also found in: Financial, Wikipedia | 0.06 sec. |
Open Market(Open Market, Inc., Cambridge, MA) A software company founded in 1994 by Shikar Ghosh and David Gifford that specialized in Web e-commerce. Its Transact system enabled Web servers to conduct secure order fulfillment using credit cards and other payment systems. Open Market was the first company to provide a single point of access control, user authentication and financial processing to multiple content servers (online storefronts, cybermalls, internal Web sites, etc.). In 2001, the company was acquired by divine, inc., which two years later, sought bankruptcy protection. Its content management assets were sold to FatWire Software, Mineola, NY (www.fatwire.com) in 2003. open market Economics 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 How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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