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open market

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 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


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Following the comparison of prices of items available in the weekly bazaars with open market: Onions (5kg) are sold at Rs128 in the weekly bazaar, while the price of onion in the open market is Rs150, Tomatoes (1-kg) are sold at Rs36 in the weekly bazaar, while the price of tomatoes in the open market is Rs40-45.
09 [GRAPHIC OMITTED] [GRAPHIC OMITTED] In an unprecedented move at its December 16 meeting, the Federal Open Market Committee (FOMC) decided to establish a target range for the federal funds rate of 0 to 1/4 percent.
He also said the BOJ will reduce the amount of the government bonds it purchases in its day-to-day open market operations in the future.
 
 
 
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