reserve price
Definition
Lowest fixed price at which an item is offered at an auction sale and (1) at which it will be sold if no higher price is bid, or (2) below which the seller is not obligated to accept the winning bid.
email to a friend
print this definition
cite this definition
link to this page
reserve price is in the Advertising, Marketing, & Sales and Purchasing & Procurement subjects.
reserve price appears in the definitions of the following terms: absolute auction and English auction
This content can be found on the following page:
http://www.businessdictionary.com/definition/reserve-price.html