The quantity of goods for sale exceeds the amount consumers are willing and able to buy at the current market price. Prices are high as a result. Found on http://www.encyclo.co.uk/local/20140
A condition of the market in which there is a scarcity of goods available, and hence, sellers can obtain better conditions for sale or higher prices. (As opposed to Buyer`s Market).
Found on http://www.encyclo.co.uk/local/20174
Refers to a situation when a holder of assets has greater flexibility and influence in receiving improved bids or proposals. Often the number of potential buyers is greater and the prices higher than those previously transacted. Found on http://www.oasismanagement.com/glossary/