reserve price

noun

1. floor price.

reserve price

noun

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

Word History and Origins

Origin of reserve price¹

First recorded in 1915–20

Example Sentences

Most of Ightham’s contents went in a three-day sale in October 1951, but the house itself failed to make its reserve price at auction.

From Time

The auctioneer's idea of what could constitute a fair reserve price shook, but did not quite overthrow her.

From Project Gutenberg

We have no reserve means of subsistence, and cannot, therefore, stand off for a 'reserve price.'

From Project Gutenberg

The biddings failed to p. 43reach the reserve price and the property was withdrawn at £950.

From Project Gutenberg