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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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

From BBC

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

From BBC

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

From BBC

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

From BBC

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.

From BBC

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