actual price

actual price — ➔ price1 * * * actual price UK US noun [C] FINANCE, COMMERCE ► the price of a commodity (= a product such as oil, metal, grain, or coffee) that can be sold and delivered immediately: the actual price of sth »To see the actual price of gold you… …   Financial and business terms

actual price — /ˌæktʃuəl praɪs/ noun a price for a commodity which is for immediate delivery …   Dictionary of banking and finance

price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… …   Financial and business terms

price index — an index of the changes in the prices of goods and services, based on the prices of the same goods and services at a period arbitrarily selected as a base, usually expressed as 100. [1885 90] * * * Measure of change in a set of prices, consisting …   Universalium

Price Variance — The materials price variance (Vmp) is computed as follows::Vmp = (Actual Unit Cost Standard Unit Cost) * Actual Quantity Purchasedor:Vmp = (Actual Quantity Purchased * Actual Unit Cost) (Actual Quantity Purchased * Standard Unit Cost).When the… …   Wikipedia

Price — For the surname, see Price (surname). For other uses, see Price (disambiguation). Contents 1 Definition 2 Economic Definition 3 …   Wikipedia

Price ceiling — A price ceiling is a government imposed limit on how high a price can be charged on a product. For a price ceiling to be effective, it must differ from the free market price. In the graph at right, the supply and demand curves intersect to… …   Wikipedia

actual cost — The actual price paid for goods by a party, in the case of a real bona fide purchase, which may not necessarily be the market value of the goods. It is a general or descriptive term which may have varying meanings according to the circumstances… …   Black's law dictionary

actual cash value — n 1: the cost of replacing or repairing damaged property less any applicable depreciation 2: fair market value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

actual — ac·tu·al adj: existing in fact or reality compare constructive ac·tual·ly adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

Price mechanism — is an economic term that refers to the buyers and sellers who negotiate prices of goods or services depending on demand and supply.[1] A price mechanism or market based mechanism refers to a wide variety of ways to match up buyers and sellers… …   Wikipedia