DCHP-1 Online
floor-price 
n. a minimum price set on a commodity by the government to protect the producer from losses due to a drastic decline in market prices.
- 1953 With the prospect of a return to a free market in the post-war years, the farmers began agitating for a floor-price to protect them against a drastic decline.
- 1957 I asked the Prime Minister if he would be prepared to carry out his promise to consider the question of stock piling base metals and maintaining a floor price on those metals, that is to say, lead, zinc, copper and so on, metals which have depreciated in price. . . .
- 1953 With the prospect of a return to a free market in the post-war years, the farmers began agitating for a floor-price to protect them against a drastic decline.