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.

Pakistan's Saim Ayub, Shadab Khan, Mohammad Nawaz and Naseem Shah have also registered at the highest men's reserve price of £100,000.

From BBC

England internationals Em Arlott, Amy Jones, Danielle Gibson, Sarah Glenn and Linsey Smith are among the women's players to enter the draft at the £50,000 reserve price.

From BBC

Davina Perrin, who scored a century aged 18 in last year's eliminator, has set her reserve price at £37,500.

From BBC

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

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