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reserve price

Syllabification: re·serve price

Definition of reserve price in English:

noun

The price stipulated as the lowest acceptable by the seller for an item sold at auction.
Example sentences
  • Sellers choose the duration of the auction and a reserve price - the lowest price they'll accept - that is kept secret.
  • Standard practice is to look for at least a 10 per cent uplift on the guide price, indicating a reserve price around €7 million.
  • All the properties in our auctions have a reserve price at least 20% below the market price.

Definition of reserve price in:

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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words