upset price
noun[C]
PROPERTYUSScottishukusthelowestpriceat which apropertymay besold, set by acourtespeciallyafter aforeclosure(= asituationin which abanktakesapropertybecause theownercannot makepaymentson theloan):
Normally,lendersput uphousesforauctionwithbidsstartingat theupsetpriceinordertorecouptheircosts.