price support

American  

noun

1. the maintenance of the price of a commodity, product, etc., especially by means of a public subsidy or government purchase of surpluses.

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price support British  

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

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Etymology

Origin of price support

First recorded in 1945–50

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Example Sentences

See Examples For:

price support

Warmer-than-normal weather extending well into September maintains some price support, with significant near-term heat driving cooling demand.

From The Wall Street Journal ● Aug. 31, 2026

A backdrop of tight supplies in the U.S. provided further price support, with storage at Cushing, Oklahoma, the delivery point for U.S. crude futures, already at their lowest since July 2022.

From Reuters ● Sep. 29, 2023

Developers stayed away because the minimum price support being offered was not high enough.

From New York Times ● Sep. 8, 2023

The analysis showed a pattern of bitcoin price support, Griffin said.

From Los Angeles Times ● Jun. 13, 2018

The present price support program must be reexamined and modernized.

From State of the Union Address by Harry S. Truman

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Related Words

• subsidy
• tax benefit

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