noun
minimum price; floor price
Used in commercial and economic contexts for the lowest allowable or offered price.
この商品の最低価格は1000円です。
The minimum price for this product is 1000 yen.
最低価格を下回る入札は受け付けられません。
Bids below the floor price will not be accepted.
Compound of 最低 (lowest) and 価格 (price).