Upset price

Upset price,

Definition of Upset price:

  1. Minimum price of a property (based on its appraised price), set by a court in a judicial foreclosure, below which the property may not be auctioned by the court-appointed officer.

  2. The lowest acceptable selling price for a property in an auction; a reserve price.

How to use Upset price in a sentence?

  1. Usually, they end up not with the house of their dreams, as it sold for 40% over the upset price within days, but the house that will do, and even then they have to throw everything they have into the pot.

Meaning of Upset price & Upset price Definition