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TeachMeFinance.com - explain Market price contract Market price contract -- A contract in which the price of uranium is not specifically determined at the time the contract is signed but is based instead on the prevailing market price at the time of delivery. A market price contract may include a floor price, that is, a lower limit on the eventual settled price. The floor price and the method of price escalation generally are determined when the contract is signed. The contract may also include a price ceiling or a discount from the agreed-upon market price reference. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.