Market

Definition - Noun
1  : the rate or price at which a security or commodity is currently selling
: See also market price
2 a  : a geographical area of demand for commodities or services <seeking new foreign ~s>
b  : a formal organized system enabling the transaction of business between buyers and sellers of commodities <a futures ~>
see also stock market
c  : a specified category of potential buyers <the youth ~>
3 a  : the course of commercial activity by which the exchange of commodities is accomplished <the ~ is quiet>
b  : an opportunity for selling <developing new ~s>
c  : the available supply of or potential demand for specified goods or services <the labor ~> <the ~ for durable goods>
d  : the area of economic activity in which buyers and sellers come together and the forces of supply and demand affect prices <studying ~ forces and behavior>



Search Legal Dictionary


Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com
Merriam-Webster

best evidence rule

a rule of evidence: in order to prove what is said or pictured in a writing, recording, or photograph the original must be provided unless the original is lost, destroyed, or otherwise unobtainable


Terms & Conditions   Privacy   Copyright © 2008 LexisNexis, a division of Reed Elsevier Inc. All rights reserved.