List Price

List Price

1. The manufacturer's suggested retail price, determined by supply and demand, for consumer goods such as automobiles or electronics.

2. The initial asking price for a real estate property, such as a home, as determined by similar properties that have recently sold in the area. These comparison properties are known as comparables.

The list price can be thought of as the starting price for negotiations; it is not necessarily the price that the buyer will pay.

1. Products and product advertisements often include language such as "lists for $99; our price: $79." This means that the manufacturer expects the product to sell for $99, but the seller is willing to let it go below its list price (for $79 in this example). The list price is often included to make the customer feel as though he or she is getting a good deal.

2. Real estate properties include an asking price known as the list price. This dollar amount is included in the listing as the price that the seller would like to receive on the sale. If the list price, or asking price, is "firm," it means the seller is not willing to negotiate. Most times, however, the list price is set with the expectation that a potential buyer will offer less, and so the list price is preemptively set a bit higher than the seller actually expects. If a property is under high demand, the selling price can actually exceed the list price.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • list price — ➔ price1 * * * list price UK US noun [C] (also catalogue price, sticker price) ► COMMERCE the usual or advertised price of a product, before any reductions are made: »It is selling for $18.89 instead of for the list price of $34.95 …   Financial and business terms

  • list price — list prices N COUNT The list price of an item is the price which the manufacturer suggests that a shopkeeper should charge for it …   English dictionary

  • list price — n. retail price as given in a list or catalog, variously discounted in sales to dealers …   English World dictionary

  • list price — n. The publicly advertised price of an item. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • list price — n a price that is suggested for a product by the people who make it …   Dictionary of contemporary English

  • list price — list ,price noun count a price for a product suggested by the people who make it …   Usage of the words and phrases in modern English

  • list price — list′ price n. cvb bus the price at which a product is usu. sold to the public, from which a trade discount is computed by a wholesaler • Etymology: 1870–75 …   From formal English to slang

  • list price — ► NOUN ▪ the price of an article as listed by the manufacturer …   English terms dictionary

  • list price — noun the selling price of something as stated in a catalogue or price list; often subject to discounts I got it at 30% off the list price • Hypernyms: ↑asking price, ↑selling price * * * noun : the basic price of an item as published in a catalog …   Useful english dictionary

  • list price — 1) The retail price of a consumer good as recommended by the manufacturer and shown on his price list. If no price maintenance agreements apply, a discount on the list price may be offered by the retailer to attract trade. 2) A supplier s price… …   Big dictionary of business and management

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