reserve price

noun

Origin:
1915–20

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World English Dictionary
reserve price
 
n
Also called (esp Scot and US): upset price the minimum price acceptable to the owner of property being auctioned or sold

Collins English Dictionary - Complete & Unabridged 10th Edition
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Dictionary.com's 21st Century Lexicon
Main Entry:  reserve price
Part of Speech:  n
Definition:  a minimum price set for a property to be sold at auction; the price at or below which a seller reserves the right to withdraw a property from sale in an auction
Etymology:  1919-24
Dictionary.com's 21st Century Lexicon
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Example sentences
The goods may be put up subject to the seller's confirmation or subject to a certain reserve price.
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