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floor price

noun

a minimum price required of an item being auctioned.

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Nearby words

floor pan, floor plan, floor planning, floor plate, floor pocket, floor price, floor sample, floor show, floor trader, floor trading, floor-filler

Origin of floor price

First recorded in 1950–55

Also called reserve price.

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019