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floor price
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noun
a minimum price required of an item being auctioned.
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Also called reserve price.
Origin of floor price
First recorded in 1950–55
Words nearby floor price
floor manager, floor model, floor pan, floor plan, floor planning, floor price, floor sample, floorshift, floor show, floor-through, floor trader
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use floor price in a sentence
The floor price of a 5G radio is probably going to head toward a commodity-based price in the near future.