ceiling price
nounUK /ˈsiːlɪŋ praɪs/
US /ˈsiːlɪŋ praɪs/
A ceiling price is the highest amount of money you are allowed to charge for something.
The government set a ceiling price on bread so everyone could afford it.
OTHER MEANINGS
2. In economics, a legal maximum price set below the market equilibrium, often causing shortages.
The ceiling price on rent led to a long waiting list for apartments.
3. A limit agreed in a contract on how much a supplier may charge.
The contract included a ceiling price to protect the buyer from rising costs.
4. The top price a buyer is willing to pay in a negotiation.
We agreed on a ceiling price before starting to bargain for the car.