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price support

noun
1.
the maintenance of the price of a commodity, product, etc., especially by means of a public subsidy or government purchase of surpluses.
Origin
1945-1950
1945-50
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for price support
  • All aspects of the federal tobacco marketing quota and price support loan programs have ended.
  • The tobacco industry faces unprecedented change as the quota and price support program is replaced by free-market policies.
British Dictionary definitions for price support

price support

noun
1.
government maintenance of specified price levels at a minimum above market equilibrium by subsidy or by purchase of the market surplus at the guaranteed levels
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Value for price

9
11
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