A barred price refers to a fixed or set price that is not subject to negotiation or change. This term is commonly used in the context of buying and selling goods or services, where the price is non-negotiable and cannot be altered. It is often seen as a way to ensure fairness and transparency in transactions, as both parties are bound by the same price. The use of a barred price can also indicate that the product or service is of high quality and value, as the seller is confident in setting a fixed price. In some cases, a barred price may also be used to prevent price discrimination and maintain a level playing field for all customers. Overall, a barred price provides a clear and definitive cost for a product or service, eliminating the need for haggling or uncertainty.