upset price

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Upset price

The minimum price at which a seller of property will accept a bid at an auction.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Reserve Price

At 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

upset price

See reserve price.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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