Meaning

noun the property of having material worth (often indicated by the amount of money something would bring if sold)

noun the amount of money needed to purchase something

noun value measured by what must be given or done or undergone to obtain something

originFrom Middle English price (“price, prize, value, excellence”), borrowed from Old French pris, preis, from Latin pretium (“worth, price, money spent, wages, reward”); compare praise, precious, appraise, appreciate, depreciate, etc.

Etymology from Wiktionary, CC BY-SA 3.0