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¹price

noun \ˈprīs\

: the amount of money that you pay for something or that something costs

: the thing that is lost, damaged, or given up in order to get or do something

: the amount of money needed to persuade someone to do something

Full Definition of PRICE

archaic : value, worth

a : the quantity of one thing that is exchanged or demanded in barter or sale for another

b : the amount of money given or set as consideration for the sale of a specified thing

: the terms for the sake of which something is done or undertaken: as

a : an amount sufficient to bribe one <believed every man had his price>

b : a reward for the apprehension or death of a person <an outlaw with a price on his head>

: the cost at which something is obtained <the price of freedom is restraint — J. Irwin Miller>

See price defined for English-language learners

See price defined for kids

Origin of PRICE

Middle English pris, from Anglo-French, from Latin pretium price, money; probably akin to Sanskrit prati- against, in return — more at pros-

First Known Use: 13th century

Related to PRICE

Synonyms: ante, charge, cost, damage, fee, figure, freight, price tag

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with PRICE

dice, gneiss, ice, lyse, nice, pice, rice, slice, spice, splice, syce, thrice, trice, twice, vice, vise

²price

verb

: to say or decide how much something costs : to give a price to (something)

: to put a price on (something) : to attach a price tag to (something)

: to learn the price of (something that you are thinking about buying)

pricedpric·ing

Full Definition of PRICE

transitive verb

: to set a price on

: to find out the price of

: to drive by raising prices excessively <priced themselves out of the market>

— pric·er noun

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First Known Use of PRICE

15th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

Price

biographical name \ˈprīs\

Definition of PRICE

(Mary) Le*on*tyne \lē-ˈän-ˌtēn; ˈlē-ən-ˌ, ˈlā-\ 1927– Am. soprano

PRICE Defined for Kids

¹price

noun \ˈprīs\

Definition of PRICE for Kids

: the quantity of one thing given or asked for something else : the amount of money paid or to be paid

: the cost at which something is gotten or done <Giving up privacy is the price of fame.>

: a reward for the capture of a criminal

Synonym Discussion of PRICE

price, charge, and cost mean the amount asked or given in payment for something. price usually refers to what is asked for goods. <What is the price of the car?> charge usually refers to the amount asked for services. <There is a charge for the first visit.> cost is usually used to state what is paid for something by the buyer rather than what is asked by the seller. <The cost of our dinner seemed very high.>