RECORD PRICE Meaning and
Definition
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"Record price" refers to the highest price ever paid or achieved for a specific item or asset within a particular market or industry. This term is commonly used in the business and financial sectors, as well as in the arts and collectibles markets.
In the context of financial markets, a record price may refer to the highest price ever reached by a stock, bond, commodity, or other financial instrument. It can be an important indicator of market trends and investor sentiment, reflecting the demand and value placed on the asset at that particular point in time.
In the art world, a record price is the highest amount ever paid for a particular piece of artwork, whether it be a painting, sculpture, or other artistic creation. These record prices often showcase the significance and cultural value of the artwork, as well as the economic power and willingness of certain collectors or investors to acquire such prized items.
Record prices can also be found in other industries, such as real estate, where they represent the highest price ever paid for a property in a specific location or category. Similarly, in the world of collectibles, record prices may be achieved for rare stamps, coins, vintage cars, or other highly sought-after items.
Overall, a record price serves as a benchmark and reference point for future transactions and can become a notable milestone within a given market, highlighting the exceptional value and desirability of a particular asset or item.
Common Misspellings for RECORD PRICE
- eecord price
- decord price
- fecord price
- tecord price
- 5ecord price
- 4ecord price
- rwcord price
- rscord price
- rdcord price
- rrcord price
- r4cord price
- r3cord price
- rexord price
- revord price
- reford price
- redord price
- recird price
- reckrd price
- reclrd price
- recprd price
Etymology of RECORD PRICE
The word "record" originates from the Old French word "recorde" which means "memory" or "remembrance". It further evolved from the Latin word "recordari" which means "to remember". Consequently, "record" refers to a documented or kept account of something that has happened or a noteworthy achievement.
The word "price" comes from the Old French word "pris" which means "value, worth, or reward". This word stems from the Latin word "pretium" which also means "price" or "value".
When combined, "record price" refers to the highest or most significant value that has been documented or achieved regarding the cost or worth of something.
