Market Price
Banking
The price at which a security trades (i.e. could be purchased or sold) in the secondary market.
- — Corporate System Resolution Costs Glossary retrieved 2014-05-27
Finance
In the case of a security, market price is usually considered the last reported price at which the stock or bond is sold.
Personal Finance
A security's market price is the price at which it is currently trading in an organized market.
A good indication of the market price of a stock selling on the New York Stock Exchange (NYSE) or the NASDAQ Stock Market is the last reported transaction price.
However, if you give a market order to buy securities, then market price means the current ask, or offer. If you give a market order to sell, market price means the current bid.