REPRICE Meaning and
Definition
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Reprice is a verb that refers to the action of changing or adjusting the price of a product, service, or financial instrument. When an item is repriced, it means that its initial or existing price is modified to a new value. This process can occur due to various reasons such as changes in market conditions, supply and demand dynamics, or a deliberate business strategy.
In the retail industry, repricing commonly takes place when a store decreases or increases the price of a particular item. This adjustment can be prompted by factors like a need to match competitors' prices, clearance sales, seasonal promotions, or changes in production costs. By repricing products, businesses aim to attract customers, optimize sales, manage inventory, or improve profitability.
In the financial context, repricing typically refers to a revision of the interest rate on various financial instruments such as loans, mortgages, or bonds. This adjustment can happen based on predefined factors like changes in the market benchmark interest rates or specific contractual clauses. Banks and lending institutions often reprice loans to reflect the current market conditions and maintain a fair interest rate for borrowers.
Overall, repricing is a vital aspect of pricing strategies in various sectors, allowing businesses and financial institutions to adapt to market fluctuations, maintain competitiveness, and appropriately align prices with the prevailing economic environment.
Common Misspellings for REPRICE
Etymology of REPRICE
The word "reprice" is a combination of the prefix "re-" meaning "again" or "back" and the noun "price". It is derived from the Middle English word "prysen", which means "to fix a value". The prefix "re-" indicates that something is being done again or repeated, therefore "reprice" means to adjust or set the price again.
Conjugate verb Reprice
CONDITIONAL
I
would reprice
you
would reprice
he/she/it
would reprice
we
would reprice
they
would reprice
CONDITIONAL CONTINUOUS
I
would be repricing
you
would be repricing
he/she/it
would be repricing
we
would be repricing
they
would be repricing
CONDITIONAL PERFECT
I
would have reprice
you
would have reprice
he/she/it
would have reprice
we
would have reprice
they
would have reprice
CONDITIONAL PERFECT CONTINUOUS
I
would have been repricing
you
would have been repricing
he/she/it
would have been repricing
we
would have been repricing
they
would have been repricing
FUTURE
I
will reprice
you
will reprice
he/she/it
will reprice
we
will reprice
they
will reprice
FUTURE CONTINUOUS
I
will be repricing
you
will be repricing
he/she/it
will be repricing
we
will be repricing
they
will be repricing
FUTURE PERFECT
I
will have repriced
you
will have repriced
he/she/it
will have repriced
we
will have repriced
they
will have repriced
FUTURE PERFECT CONTINUOUS
I
will have been repricing
you
will have been repricing
he/she/it
will have been repricing
we
will have been repricing
they
will have been repricing
IMPERATIVE
you
reprice
we
let´s reprice
to reprice
PAST
I
repriced
you
repriced
he/she/it
repriced
we
repriced
they
repriced
PAST CONTINUOUS
I
was repricing
you
were repricing
he/she/it
was repricing
we
were repricing
they
were repricing
PAST PARTICIPLE
repriced
PAST PERFECT
I
had repriced
you
had repriced
he/she/it
had repriced
we
had repriced
they
had repriced
PAST PERFECT CONTINUOUS
I
had been repricing
you
had been repricing
he/she/it
had been repricing
we
had been repricing
they
had been repricing
PRESENT
I
reprice
you
reprice
he/she/it
reprices
we
reprice
they
reprice
PRESENT CONTINUOUS
I
am repricing
you
are repricing
he/she/it
is repricing
we
are repricing
they
are repricing
PRESENT PARTICIPLE
repricing
PRESENT PERFECT
I
have repriced
you
have repriced
he/she/it
has repriced
we
have repriced
they
have repriced
PRESENT PERFECT CONTINUOUS
I
have been repricing
you
have been repricing
he/she/it
has been repricing
we
have been repricing
they
have been repricing
