define reserve price - Search
  1. Dictionary

    re·serve price
    [rəˈzərv, rēˈzərv prīs]
    noun
    reserve price (noun) · reserve prices (plural noun)
    1. the price stipulated as the lowest acceptable by the seller for an item sold at auction.
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  2. People also ask
    What is a reserve price?Alternatively, it is less commonly known as the highest price a buyer is willing to pay for a good or service. The reserve price prevents a bidder who offers a price lower than what the owner will accept from winning the auction. The point at which the buyer and seller are no longer willing to negotiate is the walk-away point.
    What is reserve price in auction?Reserve price refers to the minimum price at which the seller of an item is ready to sell in an auction, below which he is not obliged to accept the deal. In the case of such bidding, suppose their reserve or reservation price did not meet in the auction; the seller is not bound to sell the item.
    What is a reservation price in economics?In economics, a reservation (or reserve) price is a limit on the price of a good or a service. On the demand side, it is the highest price that a buyer is willing to pay; on the supply side, it is the lowest price a seller is willing to accept for a good or service.
    How is a reserve price determined?It’s important to note that the reserve price is typically set by the seller or, in some cases, with the guidance of auction professionals. The process of determining the appropriate reserve price involves considering various factors, such as the seller’s expectations, the item’s value, and the current market conditions.
     
  3. Common to auctions, a reserve price or a reservation price is the minimum amount that a seller will accept as the winning bid. Alternatively, it is less commonly known as the highest price a buyer is willing to pay for a good or service.
    www.investopedia.com/terms/r/reserve-price.asp
    RESERVE PRICE meaning: the lowest price that a seller will accept for the thing that is being sold at an auction
    www.britannica.com/dictionary/reserve-price
    reserve price n. A price set as the minimum acceptable bid in an auction.
    www.thefreedictionary.com/reserve+price
     
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