(auction) the minimum price at which a seller of property will entertain bids
例句与用法
1.
The charge alleges that between june and july 2004 , the defendants had allegedly pre - allotted the cooked food stalls at the new market prior to the auction , and agreed not to compete against one another in bidding the stalls at the auction . as a result , fehd was allegedly deceived into believing that there was only one bid offered at the upset price for each of the cooked food stalls and renting the stalls at the upset prices to the defendants or their representatives 控罪指被告于二四年六月至七月期间，涉嫌在举行竞投之前互相预先分配位于新街市的熟食档位，并互相协议不会在竞投中彼此竞逐上述熟食档位，导致食环署相信上述每个熟食档位只有一个以底价开出的叫价，因而把上述熟食档位以底价租给被告或其代表。
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