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reserve price

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noun
  1. floor price.

Origin of reserve price

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

reserve price

noun
  1. the minimum price acceptable to the owner of property being auctioned or soldAlso 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