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
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The earnings miss pushed BTI down about 13% to its 50-day moving average, which once again held as key price support. David Keller, CNBC, 4 Mar. 2025 Then, in 1981 and 1982, coinciding with substantial increases to corn subsidies, Reagan signed proclamations that raised the price supports and heightened import tariff rate quotas on foreign sugar. Mark Dent, thehustle.co, 10 Jan. 2025 The maneuvering worked: Dole and Carter lent their influence to a 1977 price support bill for domestic sugar growers, giving the farmers more stability for their crop prices. Mark Dent, thehustle.co, 10 Jan. 2025 The first was the launch of the World Trade Organization (WTO) in 1995, which helped remove trade barriers such as price supports and tariffs, leading governments to steadily reduce their national food reserves. science.org, 26 Nov. 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

Cite this Entry

“Price support.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/price%20support. Accessed 13 Mar. 2025.

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