price support
noun
the maintenance of the price of a commodity, product, etc., especially by means of a public subsidy or government purchase of surpluses.
Origin of price support
First recorded in 1945–50
Words nearby price support
Example sentences from the Web for price support
This price-support legislation will expire at the end of 1954.
British Dictionary definitions for price support
price support
noun
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