Reserve prices are designed to protect the owner of an auctioned item from an unfavorable outcome. However, auction bidders dislike reserve prices because they reduce the possibility of winning the auction at a bargain price, and because they create uncertainty over the minimum price that must be paid to win the auction.
Investment dictionary. Academic. 2012.
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reserve price — ➔ price1 * * * reserve price UK US noun [C] COMMERCE ► RESERVATION PRICE(Cf. ↑reservation price) ► RESERVE( … Financial and business terms
reserve price — n: a price announced at an auction as the lowest that will be considered Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
reserve price — reserve prices N COUNT A reserve price is the lowest price which is acceptable to the owner of property being auctioned or sold. [BRIT] … English dictionary
reserve price — ► NOUN ▪ the price stipulated as the lowest acceptable by the seller for an item sold at auction … English terms dictionary
reserve price — UK / US noun [countable] Word forms reserve price : singular reserve price plural reserve prices the lowest price that someone will accept when they sell something at an auction … English dictionary
reserve price — The lowest price a seller is willing to accept for an article offered for sale by public auction If the reserve price is not reached by the bidding, the auctioneer is instructed to withdraw the article from sale … Big dictionary of business and management
reserve price — /rɪ zɜ:v praɪs/ noun the lowest price which a seller will accept, e.g. at an auction or when selling securities through a broker ● The painting was withdrawn when it failed to reach its reserve price … Marketing dictionary in english
reserve price — /rɪ zɜ:v praɪs/ noun the lowest price which a seller will accept, e.g. at an auction or when selling securities through a broker ● The painting was withdrawn when it failed to reach its reserve price … Dictionary of banking and finance
reserve price — /rəzɜv ˈpraɪs / (say ruhzerv pruys) noun the lowest price at which a piece of property may be sold at auction, usually set by the vendor, lodged in writing with the auctioneer prior to the commencement of the auction and kept confidential. Also,… … Australian English dictionary
reserve price — noun Etymology: reserve (III) : a price announced at an auction as the least that will be entertained compare by bidder … Useful english dictionary