Price

/prais/
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Definition

  1. Noun:

    • The amount of money expected, required, or given in payment for something: The sum of money for which a good or service is sold or offered.
    • The cost or sacrifice necessary to achieve or obtain something: What must be given, done, or endured to get something, often non-monetary.
    • The value or worth of something: The estimation of something's worth, which can be material, moral, or abstract.
    • A reward offered for the capture or killing of a person: A sum of money promised for delivering someone, typically a criminal, to justice.

  2. Verb:

    • To set or determine the price of something: To decide the monetary value at which something will be sold.
    • To inquire about or ascertain the cost of something: To find out how much something costs.
Examples of Usage

  • Noun:

    • The price of the new smartphone is very high.
    • He finally achieved his goal, but at a heavy price to his personal life.
    • The price of her loyalty was his complete trust.
    • There was a price on the fugitive's head.

  • Verb:

    • The company has not yet priced the new model.
    • We should price several brands before making a decision.
Advanced Usage

  • "To put a price on something": To assign a monetary value to something, often something considered priceless.

    • You can't put a price on true friendship.

  • "To price oneself out of the market": To set one's prices so high that no one is willing to buy.

    • The artist priced herself out of the market with her latest demands.

  • "What price...?" (idiomatic, often rhetorical): Used to question the true cost or value of something, especially when the result seems dubious or not worth the sacrifice.

    • He won the election, but what price fame? He has no private life left.
Variants and Related Words

  • Priceless (adj): So valuable that a price cannot be determined; extremely funny or amusing.

    • The museum houses a priceless collection of artifacts.
    • His reaction was priceless.

  • Pricey (adj): (Informal) Expensive; having a high price.

    • That restaurant is a bit too pricey for me.

  • Price tag (n): A label showing the price of an item for sale; (figuratively) the cost of something.

    • The car still had its price tag on the window.
    • The environmental price tag of the project was enormous.
Synonyms
  • Noun: Cost, charge, fee, rate, value, worth, toll, sacrifice.
  • Verb: Value, rate, evaluate, cost, tag.
Related Phrases (Phrasal Verbs)

  • Price in (verb phrase): To include an anticipated future event in the current price or valuation.

    • The stock market has already priced in the expected interest rate hike.

  • Price out (verb phrase): To force someone to leave a market or cease an activity by making it too expensive. (See also "price oneself out of the market" under Advanced Usage).

    • Rising rents are pricing out local artists from the neighborhood.
Related Idioms

  • At any price: No matter what the cost or sacrifice.

    • He was determined to win the contract at any price.

  • Beyond price / Without price: Priceless; of such great value that it cannot be measured in money.

    • The advice she gave me was beyond price.

  • Pay the price: To suffer the negative consequences of one's actions.

    • If you don't study, you'll pay the price when you take the exam.

  • A price on someone's head: A reward offered for capturing or killing someone.

    • The outlaw rode through the territory with a price on his head.
Noun
  1. United States operatic soprano (born 1927)
  2. cost of bribing someone
    • they say that every politician has a price
  3. a monetary reward for helping to catch a criminal
    • the cattle thief has a price on his head
  4. the high value or worth of something
    • her price is far above rubies
  5. value measured by what must be given or done or undergone to obtain something
    • the cost in human life was enormous
    • the price of success is hard work
    • what price glory?
  6. the amount of money needed to purchase something
    • the price of gasoline
    • he got his new car on excellent terms
    • how much is the damage?
  7. the property of having material worth (often indicated by the amount of money something would bring if sold)
    • the fluctuating monetary value of gold and silver
    • he puts a high price on his services
    • he couldn't calculate the cost of the collection
Verb
  1. ascertain or learn the price of
    • Have you priced personal computers lately?
  2. determine the price of
    • The grocer priced his wares high

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