upset price

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upset price

The lowest price at which an item of property may be auctioned or sold at public sale.

[ Past participle of upset, to establish (obsolete).]

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

upset price

(ˈʌpˌsɛt)

(Commerce) another name (esp Scot, US, and Canadian) for reserve price

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

up′set price`

the lowest price at which a person is permitted to bid for something being sold at auction.

[1805–15]

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Noun

upset price - (auction) the minimum price at which a seller of property will entertain bids

auction sale, vendue, auction - the public sale of something to the highest bidder

asking price, selling price - the price at which something is offered for sale

Translations

upset price

n (esp US Comm) → Mindestpreis m

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

upset price

n (Am, Scot) → prezzo di riserva

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References in periodicals archive ?

She said, the City has successfully used the "Offer To Purchase" method for first time buyers at its public-private partnership (PPP) pilot project in Otjomuise Extention 4 and preliminary estimates are that the average price fetched when using the Offer To Purchase method was approximately 50% above the upset price, instead of the 200% to 400% generally realized at auctions.

"Offer to purchase" works--Kafula

became common practice for courts to impose an "upset price"

Bankruptcy and the future of aggregate litigation: the past as prologue?

The rate of interest borne by the judgment is vital to know, not only because it must be understood to calculate what is due for payoff or for upset price at the sale, but because delay is possible until a foreclosure sale is conducted.

Collecting all the interest due on the mortgage

Moore, of Toronto, informed me that they intended to put all their lands up for auction at the upset price of $3.50 per acre.