reserve price

noun

floor price.

Origin of reserve price

First recorded in 1915–20

Words nearby reserve price

reserve clause, reserve currency, reserve force, reserve officer, reserve officers training corps, reserve price, reserve tranche, reserve-grade, reserved, reserved list, reserved occupation

British Dictionary definitions for reserve price

reserve price

noun

the minimum price acceptable to the owner of property being auctioned or sold Also called (esp Scot and US): upset price