Upset Price


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Upset Price

The dollar amount below which property, either real or personal, that is scheduled for sale at an auction is not to be sold.

An upset price is intended as a minimum price. In a decree for a Judicial Sale, it constitutes a direction to the officer conducting the sale not to accept any bid that falls below the fixed price. In a final decree in a foreclosure sale, an upset price should be sufficient to cover costs and allowances made by the court, the certificates and interest of the receiver, and any liens in existence.

References in periodicals archive ?
and upset price. It so happened, then, that those who criticized
If we look at the upset price from the point of view of the reorganization committee we see that [it] has an idea of how much money can be raised by the plan and inferentially how much can be spared for dissenting bondholders.
This time around, the upset price was reduced to $600,000 and the auction attracted three bidders.
"Minimum build value is 4 times the upset prices and buyers have until 02 November to arrange for payment, while properties are expected to be developed within two years from the date of the auction.
Marg(Amar Bhwan) parking space (Four wheeler Vehicle & Auto parking)-7000 sq.ft (Upset Price Rs.