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Upset Price
The price at which goods sold by auction are first offered for
competition. If no advance is made they fall to the person who made the
upset price. Our “reserved bid” is virtually the same thing.
Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894 More on Upset Price from Infoplease:
- upset price: meaning and definitions - upset price: Definition and Pronunciation
- Upset Price - Upset Price The price at which goods sold by auction are first offered for competition. If no ...
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- Dumb-bidding - Dumb-bidding A sale by auction effected thus: The owner fixes an upset-price on an article, writes ...
- Dictionary of Phrase and Fable: U - Definitions, origins, and illustrative excerpts for words, phases, and literary allusions starting with "U"
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