open market

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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

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 websites, 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.
References in periodicals archive ?
The amount and timing of any open-market purchases will be in sole discretion of the fund's management team, taking into account various factors including, market conditions, cash on hand, and the availability of other attractive investments.
Standard & Poor's expects the company to draw less than 50% of its annual premium income from open-market reinsurance over the next three years.
the "Fund") (NYSE:TCH), a closed-end management investment company, announced today that the Board of Directors of the Fund has approved expansion of the Fund's open-market share repurchase program.
Only Open-market Distributor Quoted for DRAM Spot Market Pricing