priceminimum
nounUK /ˈpraɪs ˈmɪnɪməm/
US /ˈpraɪs ˈmɪnɪməm/
The lowest price that is allowed for something.
The store set a priceminimum so nothing would be sold too cheaply.
OTHER MEANINGS
2. The smallest amount of money a seller will accept for an item.
The priceminimum on the old bike was twenty dollars.
3. A rule that stops prices from going below a certain level.
The new priceminimum protects small farmers from very low offers.
4. The starting price in an auction.
Bidding began at the priceminimum of fifty pounds.