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reserve price

American  

noun

  1. floor price.


reserve price British  

noun

  1. 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

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