price support

noun

: artificial maintenance of prices (as of a raw material) at some predetermined level usually through government action

Examples of price support in a Sentence

Recent Examples on the Web

These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

But if Congress doesn't renew the bill by the start of the year or pass a new one, price supports would return to 1940 levels and lead to higher government spending. —

Clara Migoya, The Arizona Republic, 9 Oct. 2024 Further price support could emerge at the 61.8% retracement level using the March to September rally as a framework for the analysis. —

David Keller, CNBC, 10 Oct. 2024 This legislative effort mirrors the initiatives that Cronin has championed, such as the Resilient Resource Reserve, designed to provide price support and de-risk U.S. mineral projects. —

Michael Molitch-Hou, Forbes, 1 Oct. 2024 After reaching a peak around $320 in July 2023, META spent four solid months bouncing between price support around $280 and retesting the July peak. —

David Keller, CNBC, 1 Aug. 2024 See all Example Sentences for price support

Word History

First Known Use

1927, in the meaning defined above

Time Traveler

The first known use of price support was in 1927

See more words from the same year

Cite this Entry

Style

“Price support.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20support. Accessed 14 Nov. 2024.

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