support price

noun

the price at which the government will purchase commodities, especially farm produce, in order to maintain a certain price level.

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Nearby words

support, support area, support group, support level, support mission, support price, support system, supportable, supporter, supporting, supportive

Origin of support price

First recorded in 1940–45

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019