LBED_13_afloorfloor /flɔːflɔːr/ noun [countableC]1FINANCE the lowest EXCHANGE RATE a currency is permitted to fall toTraders were buying Argentine pesos at prices well belowthe currency’s floor against the dollar.
→ compare ceiling 2ECONOMICS a level below which prices, wages etc are not allowed to fallThe agreement might also act as a floor to wages during the recession.
Quarterlyprice floors were established for Japanese commodities.
→ compare CAP 3dealing/trading/exchange floorFINANCE the part of a financial market where shares, COMMODITIES (=oils, metals, farm products) etc are bought and sold. In American English, only trading floor and exchange floor are used, not dealing floorHe eventually took responsibility for running the dealing floor.
Any business done by a member ‘under the rules’ is treated as exchange business, even where this takes place away from the exchange floor.
4the floor American EnglishAmEFINANCE a dealing, trading, or exchange floor
5the floor the place where a public meeting or discussion happens, or the people who attend itAt the meeting, the administration were recommended by the floor to reconsider the deal they had earlier rejected.
6get in on the ground floor British EnglishBrE, get in on the first floor American EnglishAmE if you get in on the ground floor, you get involved in a business activity when it beginsThe scope for an entrepreneur to get in on the ground floor and turn petrol stations into shops was obvious to those with an eye for business.
7shop/factory floorMANUFACTURING used to refer to the workers who make the goods in a factorythe union’s influence on the factory floor
He’d moved up from shop floor worker to production manager.
8the shop floorMANUFACTURING the area in a factory where the ordinary workers do their workThe chairwoman started her working life on the shop floor.