Definition, Meaning & Synonyms
starting-price
noun
/ˈstɑːrtɪŋ praɪs/
Definition
The minimum price at which an item or service is offered for sale, usually in auctions or the retail market.
Examples
- The starting-price for the car was set at $20,000.
- At the auction, the starting-price of the painting was $500.
- They advertised a starting-price of $99 for the new subscription service.
Meaning
It refers to the lowest price set for a product or service before any potential increases or bidding takes place.
Synonyms
- minimum price
- base price
- initial price
