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upset price

Syllabification: up·set price
Pronunciation: /ˈəpset ˌprīs
 
/

Definition of upset price in English:

noun

The lowest acceptable selling price for a property in an auction; a reserve price.
Example sentences
  • Usually, they end up not with the house of their dreams, as it sold for 40% over the upset price within days, but the house that will do, and even then they have to throw everything they have into the pot.
  • I don't know whether our city planning development department was merely generous with its upset price or whether the department underestimated the property boom.
  • The offer exceeded the upset price of £50 000 and acceptance is subject to no objections to proposals for erection of a garage on the site.

Definition of upset price in:

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