Source : Webster's Revised Unabridged Dictionary (1913)

Price \Price\, n. [OE. pris, OF. pris, F. prix, L. pretium; cf.
   Gr. ? I sell ? to buy, Skr. pa? to buy, OI. renim I sell. Cf.
   {Appreciate}, {Depreciate}, {Interpret}, {Praise}, n. & v.,
   {Precious}, {Prize}.]
   1. The sum or amount of money at which a thing is valued, or
      the value which a seller sets on his goods in market; that
      for which something is bought or sold, or offered for
      sale; equivalent in money or other means of exchange;
      current value or rate paid or demanded in market or in
      barter; cost. ``Buy wine and milk without money and
      without price.'' --Isa. lv. 1.

            We can afford no more at such a price. --Shak.

   2. Value; estimation; excellence; worth.

            Her price is far above rubies.        --Prov. xxxi.
                                                  10.

            New treasures still, of countless price. --Keble.

   3. Reward; recompense; as, the price of industry.

            'T is the price of toil, The knave deserves it when
            he tills the soil.                    --Pope.

   {Price current}, or {Price list}, a statement or list of the
      prevailing prices of merchandise, stocks, specie, bills of
      exchange, etc., published statedly or occasionally.

Price \Price\, v. t. [imp. & p. p. {Priced}; p. pr. & vb. n.
   {Pricing}.]
   1. To pay the price of. [Obs.]

            With thine own blood to price his blood. --Spenser.

   2. To set a price on; to value. See {Prize}.

   3. To ask the price of; as, to price eggs. [Colloq.]

Source : WordNet®

price
     n 1: the amount of money needed to purchase something; "the price
          of gasoline"; "he got his new car on excellent terms";
          "how much is the damage?" [syn: {terms}, {damage}]
     2: the property of having material worth (often indicated by
        the amount of money something would bring if sold); "the
        fluctuating monetary value of gold and silver"; "he puts a
        high price on his services"; "he couldn't calculate the
        cost of the collection" [syn: {monetary value}, {cost}]
     3: value measured by what must be given or done or undergone to
        obtain something; "the cost in human life was enormous";
        "the price of success is hard work"; "what price glory?"
        [syn: {cost}, {toll}]
     4: the high value or worth of something; "her price is far
        above rubies"
     5: a reward for helping to catch a criminal; "the cattle thief
        has a price on his head"
     6: cost of bribing someone; "they say that every politician has
        a price"
     7: United States operatic soprano (born 1927) [syn: {Leontyne
        Price}, {Mary Leontyne Price}]

price
     v 1: determine the price of; "The grocer priced his wares high"
     2: ascertain or learn the price of; "Have you priced personal
        computers lately?"