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upset price

noun

  1. the lowest price at which a person is permitted to bid for something being sold at auction.

upset price

/ ˈʌpˌsɛt /

noun

  1. another name (esp Scot, US, and Canadian) for reserve price

“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
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Word History and Origins

Origin of upset price1

First recorded in 1805–15

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upsetupset the applecart

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