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

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