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Upset Price (Noun)

Meaning

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

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The auctioneer announced that the upset price for the rare painting was $10,000, and no bids would be accepted below that amount.
  • The seller set an upset price of $500,000 for the luxury mansion, which was significantly higher than its appraised value.
  • The real estate agent warned potential bidders that the upset price for the property was non-negotiable and would not be lowered under any circumstances.
  • The auction house established an upset price of $2,000 for the antique vase, which was a relatively modest amount considering its historical significance.
  • The court ordered that the upset price for the foreclosed property be set at $200,000, which was the minimum amount the lender was willing to accept.

Hypernyms

  • Selling Price
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