Upset Price

(redirected from upset prices)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.

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 ?
See also Samuel Spring, "Upset Prices in Corporate Reorganizations," 493; Joseph Weiner, "Conflicting Functions of the Upset Price in a Corporate Reorganization," 137; Arthur S.
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.
27 Joseph Weiner, "Conflicting Functions of the Upset Price in a Corporate Reorganization," Columbia Law Review 27 (Feb.