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reserve price

 - 5 dictionary results

floor price

–noun
a minimum price required of an item being auctioned.
Also called reserve price.


Origin:
1950–55
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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reserve price  
n.  The price fixed and announced as the minimum at which property will be sold at an auction.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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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
Copyright © 2003-2009 Dictionary.com, LLC
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Legal Dictionary

Main Entry: reserve price
Function: noun
: a price announced at an auction as the lowest that will be considered
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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