Definition for PRICE

PRICE, n. [Fr. prix; It. prezzo; Sp. precio; Arm. pris; D. prys; G. preis; Dan. priis; W. pris or prid; prisiaw, to value, to apprize; pridiaw, to give a price, value or equivalent, to pawn, to ransom; L. pretium. See Praise.]

  1. The sum or amount of money at which a thing is valued, or the value which a seller sets on his goods in market. A man often sets a price on goods which he can not obtain, and often takes less than the price set.
  2. The sum or equivalent given for an article sold; as, the price paid for a house, an ox or watch.
  3. The current value or rate paid for any species of goods; as the market price of wheat.
  4. Value; estimation; excellence; worth. Who can find a virtuous woman? for her price is far above rubies. – Prov. xxxi.
  5. Reward; recompense. That vice may merit; 'tis the price of toil; / The knave deserves it when he tills the soil. – Pope. The price of redemption, is the atonement of Jesus Christ. – 1 Cor. vi. A price in the hands of a fool, the valuable offers of salvation, which he neglects. – Prov. xvii.

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