Legal Definition and Related Resources of Market

Meaning of Market

A public place of commercial activity where goods are bought and sold. A public time and appointed place of buying and selling; also purchase and sale. In the stock market, the term denotes the range of bid and asked prices reported by brokers making the market in over the counter securities .

Market Alternative Definition

(Lat. mens, merchandise; anciently, mercat). A public place and appointed time for buying and selling. A public place appointed by public authority, where all sorts of things necessary for the subsistence or for the convenience of life are sold. 14 N. Y. 356. All fairs are markets, but not vice versa. Bracton, lib. 2, c. 24; Co. Litt. 22; 2 Inst. 401; 4 Inst. 272. Markets are generally regulated by local laws. The franchise by which a town holds a market, which can only be by royal grant or immemorial usage. 21 Barb. (N. Y.) 296, 2 Bl. Comm. 37. By the term “market” is also understood the demand there is for any particular article; as, the cotton market in Europe is dull. See 15 Viner, Abr. 42; Comyn, Dig.

Synonyms of Market

(Business), noun

  • agora
  • bazaar
  • bourse
  • concern
  • department store
  • emporium
  • establishment
  • exchange
  • fair
  • financial center
  • general store
  • house
  • macellum
  • mart
  • mercatus
  • nundinae
  • open mart
  • place of business
  • place of buying and selling
  • place of commerce
  • place of trade
  • place of traffic
  • retail store
  • rialto
  • shop
  • shopping center
  • store
  • trade fair
  • trading house
  • trading post
  • variety store
  • Associated Concepts: actual market value
  • fair market price
  • market conditions
  • market place
  • market price
  • market value

(Demand), noun

  • call
  • call for
  • consumer demand
  • desire
  • desire to buy
  • desire to obtain
  • earnest seeking
  • essentiality
  • heavy demand
  • indispensability
  • inquiry
  • insufficiency
  • interest
  • lack
  • mama
  • necessity
  • need
  • outlet
  • pressing requirement
  • pursuit
  • request
  • requirement
  • requisition
  • run
  • search
  • steady demand
  • strong demand
  • vogue
  • want
  • willingness to purchase
  • wish

Related Entries of Market in the Encyclopedia of Law Project

Browse or run a search for Market in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Market in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Market in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Market in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

You might be also interested in these legal terms:

Mentioned in these terms

Actual Cash Value, Adequate, Adjusted Taxable Income, Close Corporation, Corner, Fair Actual Value, Fair Market Value, Franchise, Just Compensation, Manipulation, Margin, Margin Account, Market Price, Market Value, Monopoly, Reciprocal Dealing, Saleable Value, Special Purpose Or Use, Staple.


You might be interested in these references tools:

Resource Description
Market in the Dictionary Market in our legal dictionaries
Browse the Legal Thesaurus Find synonyms and related words of Market
Legal Maxims Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law
Legal Answers (Q&A) A community-driven knowledge creation process, of enduring value to a broad audience
Related topics Market in the World Encyclopedia of Law


This definition of Market is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

Vocabularies (Semantic Web Information)


Resource Description
Topic Map A group of names, occurrences and associations
Topic Tree A topic display format, showing the hierarchy
Sitemap Index Sitemap Index, including Taxonomies The URI of Market (more about URIs)

Market Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Market in a way that is easy for anybody to understand: Public place where products or services are bought and sold, directly or through intermediaries.


This term is a noun.

Etimology of Market

(You may find market at the world legal encyclopedia and the etimology of more terms).

early 12c., “a meeting at a fixed time for buying and selling livestock and provisions,” from Old North French market “marketplace, trade, commerce” (Old French marchiet, Modern French marché), from Latin mercatus “trading, buying and selling, trade, market” (source of Italian mercato, Spanish mercado, Dutch markt, German Markt), from past participle of mercari “to trade, deal in, buy,” from merx (genitive mercis) “wares, merchandise.” This is from an Italic root *merk-, possibly from Etruscan, referring to various aspects of economics. Meaning “public building or space where markets are held” first attested mid-13c. Sense of “sales, as controlled by supply and demand” is from 1680s. Market value (1690s) first attested in writings of John Locke. Market economy is from 1948; market research is from 1921.


Legal English Vocabulary: Market in Spanish

Online translation of the English legal term market into Spanish: mercado (English to Spanish translation) . More about legal dictionary from english to spanish online.

Related to the Legal Thesaurus


See Also

  • Economy
  • Economic System
  • Legal System
  • Capitalism

Hierarchical Display of Market

Trade > Trade policy
Trade > Trade > Supply and demand
Transport > Transport policy > Transport policy > Transport market
Agriculture, Forestry And Fisheries > Agricultural policy > Agricultural policy > Agricultural market

Meaning of Market

Overview and more information about Market

For a more comprehensive understanding of Market, see in the general part of the online platform.[rtbs name=”xxx-xxx”]


Translation of Market

Thesaurus of Market

Trade > Trade policy > Market
Trade > Trade > Supply and demand > Market
Transport > Transport policy > Transport policy > Transport market > Market
Agriculture, Forestry And Fisheries > Agricultural policy > Agricultural policy > Agricultural market > Market

See also


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