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reserve price

noun

Simple Definition of reserve price

  • : the lowest price that a seller will accept for the thing that is being sold at an auction

Source: Merriam-Webster's Learner's Dictionary

Full Definition of reserve price

  1. :  a price announced at an auction as the lowest that will be considered

1919

First Known Use of reserve price

1919


Law Dictionary

reserve price

noun

Legal Definition of reserve price

  1. :  a price announced at an auction as the lowest that will be considered




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