- price floor price floor ➔ floor
* * *price floor UK US noun [C]► ECONOMICS, GOVERNMENT a lower limit set by a government on the price that can be charged for a product or service: »
The price floor has a measurable impact on the market.
Financial and business terms. 2012.
Look at other dictionaries:
Price floor — A price floor is a government or group imposed limit on how low a price can be charged for a product. [cite web url=http://dictionary.reference.com/browse/Price%20floor title=Price floor Definitions from Dictionary.com… … Wikipedia
price floor — noun floor below which prices are not allowed to fall the government used price supports to maintain the price floor • Hypernyms: ↑floor, ↑base … Useful english dictionary
price floor — minimum price at which a good can be sold legally (Economics) … English contemporary dictionary
price floor — Fin the lowest price at which a seller is prepared to do business … The ultimate business dictionary
floor price — ➔ price1 * * * floor price UK US noun [C] FINANCE ► the lowest price at which a product can be sold: »The wool corporation lowered its floor price by 20% because of falling demand … Financial and business terms
price ceiling — ➔ ceiling * * * price ceiling UK US noun [C] ► ECONOMICS, GOVERNMENT an upper limit set by a government on the price that can be charged for a product or service: »Recent increases in the price of gas have left many individuals asking for a price … Financial and business terms
Price controls — may refer to:* Price ceiling, the maximum price that can be charged * Price floor, the minimum price that can be charged … Wikipedia
price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… … Financial and business terms
Floor — The lowest acceptable limit as restricted by controlling parties. Floors can be established for a number of factors, including prices, wages, interest rates, underwriting standards and bonds. Some types of floors, such as underwriting floors, act … Investment dictionary
Price ceiling — A price ceiling is a government imposed limit on how high a price can be charged on a product. For a price ceiling to be effective, it must differ from the free market price. In the graph at right, the supply and demand curves intersect to… … Wikipedia