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reserve price

Origin of reserve price
First recorded in 1915-20 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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British Dictionary definitions for reserve price

reserve price

the minimum price acceptable to the owner of property being auctioned or sold Also called (esp Scot and US) upset 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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Contemporary definitions for reserve price

a minimum price set for a property to be sold at auction; the price at or below which a seller reserves the right to withdraw a property from sale in an auction

Word Origin

1919-24's 21st Century Lexicon
Copyright © 2003-2014, LLC
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