PRICE FLOOR

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

Floor below which prices are not allowed to fall

Example:

the government used price supports to maintain the price floor

Classified under:

Nouns denoting communicative processes and contents

Hypernyms ("price floor" is a kind of...):

base; floor (a lower limit)

Credits

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