hammer price
English edit
Noun edit
hammer price (plural hammer prices)
- The amount of the highest bid at an auction, accepted by the striking of the auctioneer's gavel.
- Coordinate term: starting price
- (finance) The amount for which the shares of a trader who has defaulted are sold.
Translations edit
amount of the highest bid at an auction
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Further reading edit
- “hammer price”, in Lexico, Dictionary.com; Oxford University Press, 2019–2022.
- “hammer price”, in Merriam-Webster Online Dictionary, Springfield, Mass.: Merriam-Webster, 1996–present.