market

market
At common law, a franchise conferring a right to hold a concourse of buyers and sellers. 35 Am J1st Mark & M § 3. In the modern sense, a place designated by municipal or town authority for the sale of articles necessary or convenient for the subsistence of men and domestic animals. 35 Am J1st Mark & M § 2. Within the meaning of occupation or privilege tax statutes:-a designated place to which all persons can go who wish to buy things necessary for subsistence or for the convenience of life which are there exposed for sale. Jacksonville v Ledwith, 26 Fla 163, 7 So 885. The state of business and prices upon a stock or commodity exchange as active, slow, rising or falling. The word is derived from the Latin word "mercatus," which signifies trade or traffic, or buying and selling. Re New York, 127 Misc 710, 723, 217 NYS 544. See corner; forestalling the market.

Ballentine's law dictionary. . 1998.

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