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upset price

noun
1.
the lowest price at which a person is permitted to bid for something being sold at auction.
Origin
1805-1815
1805-15
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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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

/ˈʌpˌsɛt/
noun
1.
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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Word Value for upset

7
9
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