auction with reserveglossary / auction with reserve An auction in which the property will not be sold unless the highest bid exceeds a minimum price. See WITH RESERVE. [Cases: Auctions and Auctioneers 7. C.J.S. Auctions and Auctioneers §§ 2, 8–17.] 词条贡献者 译者Lester,毕业于法国一流的高级翻译学院,擅长翻译各种与环境与自然资源相关的法律文件。