| 释义 |
reserve price
reserve pricen. A price set as the minimum acceptable bid in an auction.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 Translations
reserve price
reserve price the minimum price acceptable to the owner of property being auctioned or sold LegalSeeUpset Pricereserve price
Reserve PriceAt an auction, the price below which the owner of the item may refuse to sell. For example, if the reserve price is $1,000, and bidding does not rise above $900, the owner may withdraw the item from the auction. The reserve price is also called the upset price.reserve priceThe price below which auctioned property will not be sold.If a property is advertised with reserve, then the owner may withdraw it from auction at any time before sale. If it is advertised without reserve,then the seller must go through with the auction. ThesaurusSeeupset price |