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reserve price

American

noun

floor price.

reserve price British

noun

Also called (esp Scot and US): upset price. the minimum price acceptable to the owner of property being auctioned or sold

"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

Etymology

Origin of reserve price

First recorded in 1915–20

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023