reserve price


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reserve price

n.
A price set as the minimum acceptable bid in an auction.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

reserve price

n
(Commerce) the minimum price acceptable to the owner of property being auctioned or sold. Also called (esp Scot and US): upset price
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Translations

reserve price

n (Brit, YYY) (at auction) → prezzo minimo, prezzo m base inv
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
In the new bidding process, that followed, the PCB had set the reserve price at $5.21 million per annum for a period of seven years.
Mr Ouko said a VW Passat, registration GK A990T with no visible damage had a reserve price of S0,000 and attracted a bid price of Sh100,000 but only S2,000 was received from a different bidder.The auditor said another Nissan Patrol registration number GK A692Y had a reserve price of Sh131,000 but attracted a bid price of Sh2.1 million only to be sold at Sh145,000.Another vehicle, GK A253E, a Nissan Patrol had a reserve price of Sh100,000 and attracted a bid price of Sh1.8 million but only Sh130,000 was receipted.
A rare plot of freehold land on an historic site in Shropshire is appearing with a nil reserve price at a property auction in Birmingham.
A rare plot of freehold land on an historic site in Shropshire is appearing with a nil reserve price at a property auction in Birmingham The site known as The Wynde is on the Coalport Road in Madeley and forms part of the Ironbridge Gorge world heritage site.
The seller's reserve price is slightiy less ambiguous, particularly to the seller given the opportunity costs of producing the good.
Finally, the LDA's governing body in its meeting allowed the LDA to allot the plot to Pemra at the reserve price equal to market price of a residential plot in the vicinity to be fixed by the price assessment committee.
On the other hand, the successful allottees shall be required to pay an additional reserve price of 15 per cent of the reserve price, for the actual quantity of coal sold in the open market.
The lender has put the reserve price for the recovery of bad loans from Essar Steel India at Rs 9,587.64 crore.
"The Multan Consortium led by Ali Tareen has won the franchise rights for the sixth team, by exceeding the reserve price," PSL tweeted.
MULTAN -- The Multan Consortium, led by Ali Tareen, has won the franchise rights for the sixth team of Pakistan Super League (PSL) by offering higher than the reserve price.
LAHORE -- The Multan Consortium led by Ali Tareen has won the franchise rights for the sixth team of Pakistan Super League, Multan Sultans by exceeding the reserve price.
"The Multan Consortium led by Ali Tareen has won the franchise rights for the sixth team , by exceeding the reserve price," PSL tweeted.

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