price ceiling
nounUK /praɪs ˈsiːlɪŋ/
US /praɪs ˈsiːlɪŋ/
A price ceiling is the most money someone is allowed to charge for something.
The city set a price ceiling on bus tickets so everyone could afford to ride.
OTHER MEANINGS
2. A government rule that stops sellers from charging more than a certain amount for a good or service.
The government placed a price ceiling on bread during the crisis.
3. An upper limit on how much can be charged, often used to protect buyers.
A price ceiling on medicine kept the cost low for families.
4. The highest price allowed by law or agreement in a market.
Rent control acts as a price ceiling in many big cities.