minimum purchase price (compulsory auction); opening bid; starting bid
Legal term used in real property compulsory auctions. Refers to the lowest price at which a property can be sold.
The court announced the minimum purchase price for the property.
買受可能価額は競売の開始価格として設定される。
The minimum purchase price is set as the starting bid for the auction.
Similar legal term for minimum sale price, but 買受可能価額 specifically refers to the price in a compulsory auction setting.
General term for starting price; 買受可能価額 is the formal legal term used in court auctions.
Compound of 買受 (purchase) + 可能 (possible) + 価額 (price), literally 'purchasable price'. A modern legal term.