Definition of reserve price in English:

reserve price

Line breaks: re|serve price

noun

  • The price stipulated as the lowest acceptable by the seller for an item sold at auction.
    More 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.

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Word of the day skosh
Pronunciation: skəʊʃ
noun
a small amount; a little