minimum price; floor price
Used in commercial and economic contexts for the lowest allowable or offered price.
The minimum price for this product is 1000 yen.
Bids below the floor price will not be accepted.
Means 'maximum price' or 'ceiling price', the opposite of 最低価格.
Refers to 'minimum wage', a related concept but specifically for labor compensation.
Compound of 最低 (lowest) and 価格 (price).