What is the meaning of price floor?

noun

  • Floor below which prices are not allowed to fall.
    • usage: "the government used price supports to maintain the price floor"
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). price floor. Retrieved September 21, 2026, from http://smartdefine.org/price_floor/definitions/1217159
ChicagoWordNet. 2010. "price floor" http://smartdefine.org/price_floor/definitions/1217159 (accessed September 21, 2026).
HarvardWordNet 2010, price floor, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/price_floor/definitions/1217159>.
MLAWordNet. "price floor" 23 October 2010. Web. 21 September 2026. <http://smartdefine.org/price_floor/definitions/1217159>