Open price definition
Open price means a sale without a settled price at time of shipment. It is expected in such sales that the price will be settled after the buyer has completed its resales of the product to its customers.
Examples of Open price in a sentence
The value of "Limit/Stop Level" is also displayed in the Order window as: "Open price you set must differ from market price by at least XX pips".
Open price term contracts also can be important to business format franchises, even though those franchises do not directly involve sales of the franchisor’s goods to consumers.6 In busi- ness format franchises, the franchise agreement often requires the franchisee to purchase franchisor-approved goods related to the operation of the franchised business.