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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 • Feb. 26, 2026

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 • Oct. 24, 2025

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

From Salon • Nov. 15, 2024

Pudgy Penguins have maintained a floor price similar to its peak in January 2023, according to the NFT Floor Price website.

From BBC • Nov. 9, 2023

To advance the money, financial institutions use the floor price of the range and apply a discount rate.

From Reuters • Aug. 11, 2022