open market


Also found in: Dictionary, Thesaurus, Financial, Wikipedia.

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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

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.
Copyright © 1981-2019 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.
References in periodicals archive ?
The US Dollar saw a further decline in the open market against the Pakistani Rupee falling a further 30 paisa, it was reported on Thursday.
As a result, they said, demand for the greenback has increased, putting the interbank market under pressure, whereas the open market is just following suit.
Furqan, a resident of Wahdat Colony said that he urged Punjab government to devise a better price fixation mechanism in next year Ramazan so that open market and Ramazan bazaars would provide equal relief to citizens.
The decline had also dictated the open market, forcing the dollar to shed its value by Re0.50 to Rs149.50.
Exchange Companies Association of Pakistan (ECAP) Secretary General Zafar Paracha said speculation the government had agreed to let the rupee depreciate by another 20% and up to 165-170 under the IMF loan programme messed up things in the open market.
In case of auctions, the successful bidder shall be required to pay an additional premium of 15 per cent of its final bid price on per tonne basis, for the actual quantity of coal sold in open market. The additional premium will be over and above the final bid price.
31 March 2017 - UK-based residential property developer Telford Homes Plc's (AIM: TEF) joint venture, Chobham Farm LLP, has exchanged contracts for the sale of the first phase of open market homes at New Garden Quarter, Chobham Farm, Stratford, E15 to Folio London Ltd., the company said.
Additional Chief Secretary Punjab Shamail Ahmad Khawaja said this at a meeting of the Cabinet Committee assigned with the task of overseeing and monitoring of supply and price situation in Ramadan Bazaars as well as in the open market held at Civil Secretariat here Saturday.
kilogram at "Sasta bazaar", while the same Mango was being soled at Rs 150 in the open market.
In the latest bid to boost the country's floundering economy, the People's Bank of China (PBOC) on Thursday announced that it will carry out open market operations on a daily basis.
The rial is once again in free fall on the open market, prompted by the announcement of the governor of the Central Bank that the official rate will be devalued in a matter of days.