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floor price

noun
1.
a minimum price required of an item being auctioned.
Also called reserve price.
Origin
1950-1955
1950-55
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for floor price
  • Contractors cannot place a bid that is less than the floor price.
  • They enhance the income-stabilizing capacity of quotas by providing a minimum or floor price for each grade of leaf.
  • The program also guarantees growers a floor price and a market for flue-cured and burley leaf.
  • If the retail price calculation doesn't yield the floor price the price will be increased to the floor level.
  • In conjunction with a long cash position, these contracts set a floor price for the commodity.
  • In this way, the program establishes a floor price below which the market price for farmers' milk is unlikely to fall.
  • She was also instructed not to go below a certain floor price.

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