just price

noun

1

: a price conforming to the doctrine developed in antiquity and elaborated in the medieval period that price should in general correspond to the cost of production

2

: a price approved by common estimate, determined by a legal maximum, or conforming to some other standard of rightness or equity

Word History

Etymology

translation of Medieval Latin justum pretium

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

• More than 250,000 words that aren't in our free dictionary
• Expanded definitions, etymologies, and usage notes
• Advanced search features
• Ad free!