Reserve Price
/ˈrɛzɜːrv praɪs/
Definitions
- (n.) The minimum price set by a seller at an auction below which the item will not be sold.
The auctioneer did not accept bids below the reserve price.
Forms
- reserve prices
Related terms
Commentary
The reserve price often remains confidential during bidding to encourage competitive offers; its presence can affect bidder behavior and auction outcomes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.