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upset price

the lowest price at which a person is permitted to bid for something being sold at auction.
Origin of upset price
1805-15 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for upset price
  • No item will be sold for less than it's upset price plus the impound fees.
  • Sale must be for an amount equal to or more than the total upset price.
  • He will ask for bids from the floor at the minimum upset price.
  • The board shall conduct an appraisal of the public land for sale to determine the upset price.
  • The region also added a specification giving a maximum price on the bid, another term for this is an upset price.
  • There was discussion on the use of upset price and defining ranges.
British Dictionary definitions for upset price

upset price

another name (esp Scot, US, and Canadian) for reserve price
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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