reserve price

noun

Definition of reserve price

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

First Known Use of reserve price

1919


RESERVE PRICE Defined for English Language Learners

reserve price

noun

Definition of reserve price for English Language Learners

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


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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