See Also: WITHOUT RESERVE, contracts(law)
Federal Reserve District (Reserve district or district)(money)
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reserve(2)(dictionary)
reserve(1)(dictionary)
Reserve(money)
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RESERVE(finance)
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WITHOUT RESERVE, contracts (law)


WITHOUT RESERVE, contracts. These words are frequently used in conditions of sale at public auction, that the property offered, or to be offered for sale at public auction, that the property offered, or to be offered for sale, will be sold without reserve. sale, will be sold without reserve. 2. When a property is advertised to be sold without reserve, if a 2. When a property is advertised to be sold without reserve, if a puffer be employed to bid, and actually bid at the sale, the courts will not puffer be employed to bid, and actually bid at the sale, the courts will not enforce a contract against a purchaser, into which he may have been drawn by enforce a contract against a purchaser, into which he may have been drawn by the vendor' s want of faith. 5 Madd. R. 34. Vide Puffer. the vendor' s want of faith. 5 Madd. R. 34. Vide Puffer.