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upset price

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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. 2009.
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upset price  
n.  The lowest price at which an item of property may be auctioned or sold at public sale.

[Past participle of upset, to establish (obsolete).]
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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