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Warning
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Simple English definitions for legal terms
list price
Read a random definition: in modum juratae
A quick definition of list price:
List price: The price that is suggested by the seller for a product or service. It is the amount of money that the seller thinks the product or service is worth. This price is usually listed on the product or service page and can be different from the actual selling price.
A more thorough explanation:
Definition: The price at which a product or service is officially listed by the manufacturer or seller, before any discounts or negotiations.
Example: A car dealership lists a new car for $25,000. This is the list price, but a customer may negotiate a lower price or receive discounts.
Explanation: The list price is the initial price set by the seller or manufacturer. It serves as a starting point for negotiations or discounts. In the example, the car dealership lists the car for $25,000, but a customer may be able to negotiate a lower price or receive discounts, such as a rebate or promotional offer.