Longman Dictionary of Contemporary English homepage

Topic: TRADE

Date: 1200-1300
Language: Old French
Origin: pris, from Latin pretium 'price, money'

price

1 noun
     
price1 S1 W1
1 [uncountable and countable]BBT the amount of money you have to pay for somethingCOLLOCATIONS COLLOCATIONS
high/low price prices go up/rise/increase/soar prices go down/fall/drop prices fluctuate (=prices go up and down) a price rise/increase a reduction/fall/drop in prices put up/increase/raise prices cut/lower/slash prices (=make them lower) agree (on) a price/fix a price price freeze (=when prices are kept at the same level) price war (=when shops try to have the lowest prices)
People are prepared to pay high prices for designer clothes.
price of
The price of fuel keeps going up.
House prices in this area are falling.
Oil prices fluctuated significantly during October.
fears of massive electricity price increases
a sharp rise in food prices
They have cut the price of their products by almost 30 per cent.
price for
We agreed on a price for the bike.
Tesco is selling two bottles of champagne for the price of one!
see usage note cost1 asking price, cost price, list price, market price
2 [singular] the unpleasant things that you must suffer in order to be successful, free etc
price of
He's never at home, but that's the price of success.
The awful boat journey was a small price to pay for freedom.
They may pay a high price for their few years of glory.
She was finally made senior executive, but at what price!
3

half/full price

used to talk about half the usual price of something, or the actual usual price:
I bought these jeans at half price in the sale.
4

at a price

for a lot of money:
You can get goat's cheese at the local delicatessen - at a price!
5

at any price

whatever the cost and difficulties may be:
She was determined to have a child at any price.
6

not at any price

used to say that you would not do something, even for a lot of money:
Sorry, that painting's not for sale at any price.
7

put a price on something

to give something a financial value:
You can't put a price on what a mother does for her children.
8

What price fame/glory etc?

usually spoken used to suggest that something was not worth achieving because too many bad things have happened as a result:
What price progress?
9

be beyond price

to be extremely valuable or important
10

price on somebody's head

a reward for catching or killing someone
11

everyone has their price

used to say that you can persuade people to do anything if you give them what they want

➔ cheap at the price

at cheap1 (8)

➔ name your price

at name2 (7)

➔ pay the price

at pay1 (9)
WORD CHOICE: WORD CHOICE:

cost, costs, price, charge, fee, fare
Use cost to talk about paying for services and activities, rather than objects The total cost of the trip was under $500. I worked out the cost of the repairs.Your costs are the amount of money you have to spend in order to run a business or to do a particular activity The shop was not making enough money to cover its costs.Use price to mean the amount of money that you must pay for something in a place such as a shop or restaurant We are cutting all our prices (NOT costs) by 50% for one day only! We were shocked by the price of a cup of coffee in London.A charge is the amount you have to pay to have a particular service or use something For a small charge we will also make your hotel reservations. A fee is the amount you have to pay to enter or join something The gallery charges no entrance fee. The fee for membership is £25 per year. It is also the amount you have to pay for a professional service The lawyer explained her fees.A fare is the amount you have to pay to travel somewhere by bus, train, plane etc I need some money for my bus fare. His parents paid his fare to Sydney.See also cost
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