Definition, Meaning & Synonyms

street-price

Noun

/striːt praɪs/

Definition

The street price is the actual market price that a consumer pays for a product, often found in retail settings, as opposed to the manufacturer’s suggested retail price (MSRP).

Examples

The street price of smartphones often drops right after a new model is released.
Many customers prefer to wait for a drop in street prices before making a purchase.
Retailers might adjust their street prices based on competition and consumer demand.

Meaning

It reflects the real-world price of goods at which they are sold to consumers, which may vary from the official pricing due to discounts, demand, and market conditions.