upset price


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upset price

n.
The lowest price at which an item of property may be auctioned or sold at public sale.

[ Past participle of upset, to establish (obsolete).]

upset price

(ˈʌpˌsɛt)
n
(Commerce) another name (esp Scot, US, and Canadian) for reserve price

up′set price`


n.
the lowest price at which a person is permitted to bid for something being sold at auction.
[1805–15]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.upset price - (auction) the minimum price at which a seller of property will entertain bids
auction sale, vendue, auction - the public sale of something to the highest bidder
asking price, selling price - the price at which something is offered for sale
Translations

upset price

n (esp US Comm) → Mindestpreis m

upset price

n (Am, Scot) → prezzo di riserva
References in periodicals archive ?
She said, the City has successfully used the "Offer To Purchase" method for first time buyers at its public-private partnership (PPP) pilot project in Otjomuise Extention 4 and preliminary estimates are that the average price fetched when using the Offer To Purchase method was approximately 50% above the upset price, instead of the 200% to 400% generally realized at auctions.
The rate of interest borne by the judgment is vital to know, not only because it must be understood to calculate what is due for payoff or for upset price at the sale, but because delay is possible until a foreclosure sale is conducted.
Generally, at the foreclosure auctions, the starting price, also known as the upset price, is the amount of the mortgage.