Marketplace Platform
/ˈmɑːrkɪtˌpleɪs ˈplætˌfɔrm/
Definitions
- (n.) A digital or physical environment that facilitates commercial transactions between multiple third-party buyers and sellers, often providing tools for listing, payment processing, and dispute resolution.
The online marketplace platform enabled small businesses to reach a global customer base.
Forms
- marketplace platform
- marketplace platforms
Related terms
See also
Commentary
In legal drafting, clearly define the scope of the marketplace platform's responsibilities and liabilities, especially concerning user-generated content and transactions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.