NON-REFUNDABLE OFFER - Lowest Price Guarantee (2024)

FAQs

What is lowest price guaranteed? ›

As indicated by our example, a low price guarantee (henceforth LPG) may be defined as a policy where a seller posts an offer price and guarantees to match or beat any lower price found in the market.

Price protection is a little-known but common feature offered by most credit card companies that allow cardholders to receive a refund if an item bought with that credit card drops in price within a specified period. This period is usually within 30 or 60 days though some cards allow claims to be filed within 90 days.

Expedia describes Price Drop Protection as an optional add-on offered on select flights that automatically refunds the difference if the price of your flight drops on Expedia.

Note that the presence of a price-matching guarantee does not necessarily guarantee that the store will post the lowest (or even lower than average) price. It only allows consumers to continue searching for a lower price after the purchase and to make the purchase at the lowest price that can be found elsewhere.

Price adjustments, also called price protection, is a retail practice in which customers can obtain a partial refund of the purchase price of an item if they can show it on sale at a lower price within a fixed time frame.

A minimum price contract is a forward contract that guarantees the seller a minimum price at delivery. This type of arrangement is used with commodities to protect producers from price fluctuations in the market. Minimum price contracts are common in agricultural sales, for example, the sale of grain.

In many cases, the retailer will refund the difference of what you paid vs. the sale price, as long as your purchase was within a specified time—often 14 days. If they can't or won't refund to the original form of payment, you may be issued a store credit.

You can notify the consumer protection division of your local district attorney's office of any violations, or file a complaint with our office using our online complaint form.

Price Drop Protection is essentially a promise that if the cost of an item you've purchased falls within a specific timeframe after your transaction, you'll be refunded the difference.

What is a price match guarantee? ›

Price matching refers to matching a lower product price from a store in a competitive market. For example, a retail store that sells you the same product for a lower price.

Bottom line. We usually recommend booking directly with the airline to reduce any hassle in case you need to change or cancel your flight. However, the Capital One price drop protection feature is useful for receiving up to $50 in travel credits if a flight drops in price after you book it.

an arrangement in which if a company reduces the price of a product or service in the future, it promises to pay back the difference to customers who have paid a higher price: Suppliers offer guaranteed prices to encourage long-term contracts.

Statistics on price match policies repeatedly demonstrate that companies that offer a price match guarantee enjoy the following benefits: Greater Customer Retention. After the initial stages of ecommerce are over, customers prefer to purchase products online, since they're typically much cheaper than offline options.

They may reduce competition: Economists and antitrust authorities have long been concerned that price matching policies may actually reduce the incentives of stores to lower prices.

Meaning of guaranteed price in English

an arrangement in which if a company reduces the price of a product or service in the future, it promises to pay back the difference to customers who have paid a higher price: Suppliers offer guaranteed prices to encourage long-term contracts.

Lowest Price Technically Compliant means the solution which, being compliant with all the technical requirements that shall be verified, has the lowest implementation cost overall, taking into consideration the costs for both the Network Utility and the Customer.

Competitive Lowest Price: This repricing rule is similar to the Competitive Buy Box rule, but instead of being based on the Buy Box price, it is based on the lowest price for a particular product on Amazon.

What Does "At the Lowest Possible Price" Mean? The phrase "at the lowest possible price" is an instruction that accompanies a buy order for stocks or other investment securities. It instructs a brokerage to make the purchase for the smallest amount that can be found on the market.