| a minimum price required of an item being auctioned. |
| reserve price n. The price fixed and announced as the minimum at which property will be sold at an auction. |
| 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 |