term:

Market

market n

1 : the rate or price at which a security or commodity is currently selling
: 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]

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.