noun
Meaning 1
A pricing strategy in which a company sets the price of a product relative to an index value, with a time frame in which buyers can purchase the product for this price if the index-based price reaches an acceptable level. Usually the seller sets a minimum order size to qualify for the trigger price.
Definition source: English Wiktionary via Wiktextract
Usage: uncountable
Topics: economics, sciences
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided