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price support

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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 of price support

First recorded in 1945–50
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for price support

Historical Examples

  • This price-support legislation will expire at the end of 1954.

    Complete State of the Union Addresses from 1790 to 2006

    Various


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