trigger price

trigger price definition - business

trigger price

The specific price of an imported item below which a quota or tariff will be put into effect. A trigger price is imposed to keep foreign competitors from undercutting prices charged by domestic companies in the domestic firm's home market.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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