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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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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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