Market prices definition
Examples of Market prices in a sentence
As used in this provision-- Market prices means current prices that are established in the course of ordinary trade between buyers and sellers free to bargain and that can be substantiated through competition or from sources independent of the offerors.
Market prices can be obtained through quotations from public market, price of independent third party, price determined through bidding and other negotiated price through market mechanism.
An index of NYISO Capacity Market prices for the Applicable Zone calculated as set forth in Section 4.03 of this Agreement.
Financial evaluation shall be based on the reasonability of quoted prices to the Prevailing Market prices of the items.
The Company will determine a Palpable Error by taking into account any relevant information including, without limitation, the state of the Underlying Market prices at the time of the error or any error in, or lack of clarity of, any information source or pronouncement upon which the Company bases its quoted prices.