price support

noun

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

price support

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

Word History and Origins

Origin of price support¹

First recorded in 1945–50

Example Sentences

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

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

From New York Times

The ECB's balance sheet reduction comes just as euro zone governments plan for increased borrowing next year to fund energy price support measures.

From Reuters

Trading volume in Alibaba, for example, is in decline and what little price support has been seen across the sector seems to have come mainly from short covering.

From Reuters

Deutsche Bank said the energy price support and the promised tax cuts could cost 179 billion pounds, or about half Britain's historic pandemic spending push which dealt a blow to the country's public finances.

From Reuters

Related Words

• subsidy
• tax benefit