price limit; price control
Meanings
2 senses · 9 examplesverb
to set a price limit; to limit prices; to cap prices
Commonly used in business and government contexts to control market prices, often implying official policy or regulation.
The government decided to impose price limits on pork sales.
To stabilize the market, merchants voluntarily limited prices.
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New houses in this complex have been price-capped by the government.
Airlines are not allowed to arbitrarily set price limits on tickets.
noun
price limit; price ceiling (or floor); price cap
Refers to the maximum or minimum price set by authorities, policies, or agreements.
The maximum price limit is five hundred yuan per person.
This product has already broken through the minimum price limit.
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The government set a price ceiling on housing prices.
The portion exceeding the price limit requires special approval.
Our company has strict price limits for procurement.