Definition, Meaning & Synonyms
asking-price
noun
/ˈɑːskɪŋ praɪs/
Definition
The price that a seller requests for a product or property, especially in negotiations.
Examples
- The house was listed at an asking price of $300,000.
- After several negotiations, they settled on an asking price that both parties agreed on.
Meaning
The asking price represents the amount a seller believes they should receive for an item or property, which can be negotiable during transactions.
Synonyms
- list price
- quoted price
- initial price
