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upset price
noun
- the lowest price at which a person is permitted to bid for something being sold at auction.
upset price
/ ˈʌpˌsɛt /
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Word History and Origins
Origin of upset price1
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Example Sentences
He had bidden her in under a misapprehension of the upset price, and she was put back for sale again.
Lands not sold at auction may afterwards be purchased at the upset price on payment of the whole purchase money.
The buyers press round the table of the official auctioneer; the upset price is named.
The upset price was 100 per acre, although much more was realised for some lots.
Cash Freehold Lots are sold at auction to the highest qualified bidder, at appraised value as upset price.
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