upset price

noun
the lowest price at which a person is permitted to bid for something being sold at auction.

Origin:
1805–15

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
Cite This Source Link To upset price
Collins
World English Dictionary
upset price (ˈʌpˌsɛt) [Click for IPA pronunciation guide]
 
n
another name (esp Scot, US, and Canadian) for reserve price

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
00:10
Upset price is always a great word to know.
So is slumgullion. Does it mean:
a stew of meat, vegetables, potatoes, etc.
a scrap or morsel of food left at a meal.
Example sentences
The board shall conduct an appraisal of the public land for sale to determine
  the upset price.
No item will be sold for less than it's upset price plus the impound fees.
There was discussion on the use of upset price and defining ranges.
He will ask for bids from the floor at the minimum upset price.
Copyright © 2013 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT