Meaning of “reservation price” in the English Dictionary

business-english dictionary

"reservation price" in Business English

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reservation pricenoun [ C ]

uk us also reserve price COMMERCE

the minimum price that you will sell a product for or the maximum price that you will pay for something:

The house was not sold as the buyer did not meet the reservation price.

(Definition of “reservation price” from the Cambridge Business English Dictionary © Cambridge University Press)