Price code refers to the default price level that will apply to each Lead or Account when creating a quote or invoice.

You may create products or services with 4 distinct price level codes designated as Price A, Price B, Price C and Price D.  

These levels may be used to designate different price levels for different types of clients.  

For example:  Retail price, Wholesale price, Distributor price, etc.

If no Price Code is designated to a Lead or Account, then Price A will always be used as default.