| 释义 |
upset price
upset pricen. The lowest price at which an item of property may be auctioned or sold at public sale.
[ Past participle of upset, to establish (obsolete).]upset price (ˈʌpˌsɛt) n (Commerce) another name (esp Scot, US, and Canadian) for reserve priceup′set price`
n. the lowest price at which a person is permitted to bid for something being sold at auction. [1805–15] Thesaurus| Noun | 1. | upset price - (auction) the minimum price at which a seller of property will entertain bidsauction sale, vendue, auction - the public sale of something to the highest bidderasking price, selling price - the price at which something is offered for sale |
Translationsupset price
guaranteed maximum costAn amount established in an agreement between owner and contractor as the maximum cost of performing specified work on the basis of cost of labor and materials plus overhead expense and profit.Upset Price
Upset PriceThe dollar amount below which property, either real or personal, that is scheduled for sale at an auction is not to be sold. An upset price is intended as a minimum price. In a decree for a Judicial Sale, it constitutes a direction to the officer conducting the sale not to accept any bid that falls below the fixed price. In a final decree in a foreclosure sale, an upset price should be sufficient to cover costs and allowances made by the court, the certificates and interest of the receiver, and any liens in existence. upset price
Upset priceThe minimum price at which a seller of property will accept a bid at an auction.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.upset priceSee reserve price. upset price
Words related to upset pricenoun (auction) the minimum price at which a seller of property will entertain bidsRelated Words- auction sale
- vendue
- auction
- asking price
- selling price
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