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Upset price   /əpsˈɛt praɪs/   Listen
Upset price

noun
1.
(auction) the minimum price at which a seller of property will entertain bids.






WordNet 3.0 © 2010 Princeton University








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"Upset price" Quotes from Famous Books



... of its deposits employed. At Dutch auctions an upset or maximum price used to be fixed by the seller, and he came down in his bidding till he found a buyer. The value of money is fixed in Lombard Street in much the same way, only that the upset price is not that of all sellers, but that of one very important seller, some part of whose ...
— Lombard Street: A Description of the Money Market • Walter Bagehot

... plans were perfunctory, and as far as there was anything in them, could be used again elsewhere. He could employ his precious days meanwhile to better purpose in some more showy and profitable work than this half-hatched viaduct. But this was an upset price. "Not enough," he murmured, slowly, shaking his bullet head. "It's a fortune to the young man. You must make a ...
— Michael's Crag • Grant Allen

... the European estates in Coorg and many of the larger native plantations are held under what are called "The Waste Land Rules," under which land is put up to auction by the State at an upset price of 2 rupees per acre (10 rupees is the upset price in Mysore), plus the value of the timber, which adds somewhat to the price. As a rule there is now considerable competition for land, and as much as 100 to 150 rupees has frequently to ...
— Gold, Sport, And Coffee Planting In Mysore • Robert H. Elliot

... party absolutely disinterested, "having visited all but the northern regions of the globe, I have seen nothing to equal this incomparable country." Here a man may purchase land, with secure title, and of a good tenure, at five shillings the acre; this, at least, is the upset price, though in some privileged situations it is known to have reached seventeen shillings. A house may be furnished in the Morotto style, and with luxurious contrivances for moderating the heat in the hotter levels of the island, at fifty pounds sterling. The native furniture is both cheap ...
— Blackwood's Edinburgh Magazine, Volume 54, No. 337, November, 1843 • Various



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