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What is another word for reserve price?

Pronunciation: [ɹɪsˈɜːv pɹˈa͡ɪs] (IPA)

When it comes to auctions, a reserve price is the minimum price a seller is willing to accept for an item. However, there are several synonyms that can be used to describe the same concept. These include a floor price, starting price, minimum bid, minimum ask, and base price. While these words may have slightly different connotations, they all refer to the same principle: the lowest price at which a seller is willing to part with their item. It's important to have a reserve price to ensure that a seller doesn't end up selling an item for less than it's worth, but it's also important to set this price realistically to attract potential buyers.
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Synonyms for Reserve price:

What are the hypernyms for Reserve price?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    price ceiling, floor price, Auction reserve, Minimum bid.

What are the opposite words for reserve price?

Reserve price refers to the minimum amount that a seller is willing to accept for a particular item or service. Antonyms are words that are opposite in meaning to a particular word. For the antonyms of reserve price, we can use terms such as open price, starting price, or bid price, which indicate that there is no minimum requirement to sell the product or service. An open price means a starting point for negotiations, whereas a bid price implies that customers are invited to make offers or bids for the item. In contrast, reserve price signals that the seller is inflexible and unwilling to budge on the price they're setting.

What are the antonyms for Reserve price?

Related words: auction reserve price, what is an auction reserve price, how does an auction work, how does an auction reserve price work, how does the reserve price work for an auction, what is the auction reserve price, what is the normal auction reserve price, what is the highest auction reserve price

Related questions:

  • How to set a reserve price for an auction?

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