stalking horse
C1CEFR level
90/100Rarity: very rare
TechnicalRegister
Law noun
An initial bidder whose agreed offer sets a floor price and bid protections against which rival distressed-sale bids are measured.
We locked in a stalking horse at forty million with a break fee to flush out higher offers at auction.
Business noun
A pre-arranged initial bidder whose offer sets a floor and flushes out higher competing bids.
We lined up a stalking horse to anchor the auction floor before opening the process to rivals.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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