trigger price
Defined in 1 place of the United States Code.
The term “trigger price” means the average daily closing price of the New York Cotton Exchange, or any successor as determined by the Secretary, for the corresponding month during the previous 5-year period, excluding the year with the highest average price for the corresponding month and the year with the lowest average price for the corresponding month.
Source
- 1994–present19 U.S.C. § 3358Customs Duties · Price-based snapback for frozen concentrated orange juice · for purposes of this section