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The house was not sold as the buyer did not meet the reservation price.
Financial and business terms. 2012.
Reservation price — In microeconomics, the reservation (or reserve) price is the maximum price a buyer is willing to pay for a good or service; or, conversely, the minimum price at which a seller is willing to sell a good or service. Reservation prices are commonly… … Wikipedia
Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… … Wikipedia
Reservation wage — In labor economics, the reservation wage is the lowest wage rate at which a worker would be willing to accept a particular type of job. A job offer involving the same type of work and the same working conditions, but at a lower wage rate, would… … Wikipedia
price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… … Financial and business terms
Price — For the surname, see Price (surname). For other uses, see Price (disambiguation). Contents 1 Definition 2 Economic Definition 3 … Wikipedia
reserve price — ➔ price1 * * * reserve price UK US noun [C] COMMERCE ► RESERVATION PRICE(Cf. ↑reservation price) ► RESERVE( … Financial and business terms
Ask price — This article is about financial asking. For other uses, see Ask (disambiguation). Ask price, also called offer price, offer, asking price, or simply ask, is the price a seller states she or he will accept for a good. The seller may qualify the… … Wikipedia
Tonawanda Reservation, Erie County, New York — Geobox Settlement name = Tonawanda Reservation native name = other name = other name1 = category = Indian reservation image size = image caption = flag size = symbol = symbol size = nickname = nickname1 = motto = country = United States state =… … Wikipedia
Cheyenne and Arapaho Indian Reservation — Principal Chiefs of the Arapaho Tribe, engraving by James D. Hutton, ca. 1860 Cheyenne and Arapaho Indian Reservation were the lands granted the Southern Cheyenne and the Southern Arapaho under the Medicine Lodge Treaty signed in 1867. The tribes … Wikipedia
Rosebud Indian Reservation — Infobox Settlement official name = Rosebud Indian Reservation other name = native name = nickname = settlement type = Reservation motto = imagesize = image caption = flag size =150px image seal size = image shield = shield size = city logo =… … Wikipedia
