price floor
1
5.1
- noun
- Specialized
:
precio mínimo
- Dayan says in court filings that the group set a price floor of $24 million, and he expected to be consulted if there was a suitor for the property.
So this comes down to the price floor for games that are sold off platform.
- So this comes down to the price floor for games that are sold off platform.
Examples
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After a certain target price floor is reached, say $3.50 per gallon of gasoline, the reset mechanism would be turned off.
Academic text (2009) -
The extension of this argument is that we need the equivalent of an electricity feed-in tariff for oil prices; governments need to set an oil price floor that gives investors some certainty.
Blog text (6) -
So this comes down to the price floor for games that are sold off platform.
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Phil: "... government's need to set an oil price floor..."
Blog text (6) -
I think a price floor could work very well; the government would start to buy if oil fell below a given price, say $80.
Blog text (6) -
Similarly, a price floor limits bad outcomes to the seller at the buyer's expense.
Academic text (1991) -
It formed a new, higher price floor of $25/bbl, which I believe reflects the demand.
Blog text (34) -
The government established a price floor to ensure farmers received a fair income for their crops.
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In response to rising living costs, the city council implemented a price floor on rental prices in the area.
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To protect consumers, the agency set a price floor for essential medications that cannot be sold below a certain amount.
Synonyms
31
5.2
A lowest allowed level for a price or wage
How Strict
Surface Forms
Morphology
The meaning is directly compositional: combining 'price' (the amount paid for a good) with 'floor' understood as a lower limit yields 'minimum price set by authority'. This metaphorical use of 'floor' as a lower bound is common cross-linguistically and follows a predictable pattern, so a B1 learner who knows the constituent senses can infer the MWE meaning.
Etymology
Price floor uses the simple image of a solid floor holding up a price so it cannot fall any lower. So it means an official 'minimum price' set by the government that goods or wages cannot be sold below.