reserve price

noun

1. floor price.

reserve price

noun

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

Word History and Origins

Origin of reserve price¹

First recorded in 1915–20

Example Sentences

Anderson has a reserve price of around £117,000.

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In 2008, the building, which campaigners had previously saved from demolition, went up for auction but failed to meet its reserve price.

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The property has no reserve price which means that it is on the market for £0 until someone bids on it.

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Warner headlines the list of top-class internationals who missed out on selection after setting his reserve price at £100k.

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It was hoped that her solitaire diamond ring, which was listed for sale between £70,000 to £100,000, would boost the amount for charity, but it did not meet its reserve price.

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