floor price

noun

1. a minimum price required of an item being auctioned.

Word History and Origins

Origin of floor price¹

First recorded in 1950–55

Example Sentences

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

From Salon

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

From BBC

India has set a floor price of $800 per metric ton minimum export price on onions up to Dec. 31, the government said on Saturday, in a bid to ensure adequate domestic availability and to stabilise prices.

From Reuters

India has set a floor price of $800 per metric ton minimum export price on onions up to Dec. 31, the government said on Saturday, in a bid to ensure adequate domestic availability and to stabilise prices.

From Reuters

India has set a floor price of $800 per metric ton minimum export price on onions up to Dec. 31, the government said on Saturday, in a bid to ensure adequate domestic availability and to stabilise prices.

From Reuters