floor price

Definition

noun
the lowest price, a price which cannot go any lower

Use floor price in a sentence

When shopping and looking for the best bargain, be sure to ask about the floor price which is the absolute lowest price that can be paid.

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My company established a share buyback policy in part to put a floor price for our shares in that would keep our stock price from going below a certain point.

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Car dealerships usually try to get their customers to pay the asking or retail price for a vehicle, as that is where they will make the highest margin of money; however, if the salesman is desperate for a sale, they may try to get approval to offer it to you for the floor price or the lowest price possible.

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