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floor price

American  

noun

  1. a minimum price required of an item being auctioned.


Etymology

Origin of floor price

First recorded in 1950–55

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

NdPr alloy prices are now above $110 per kilogram, surpassing the Defense Department’s floor price and suggesting an easing of China’s pricing regime.

From Barron's

It’s the floor price referenced in the Defense Department’s blockbuster July agreement with MP that included a price floor, equity, and offtake agreements.

From Barron's

The surge in gold prices so far this year represents a combination of speculative investment, as well as institutional and national strategies to hedge against a diversification of currencies, as the constant pressure to accumulate the metal has established a floor price, sustaining the upward move.

From MarketWatch

In July, the Pentagon agreed to take a stake in rare-earths miner MP Materials in a surprise deal that included a floor price to guarantee stable cash flow.

From The Wall Street Journal

At its peak, the NFT floor price reached .86 Ethereum or about $2,800.

From Salon