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Dictionary Results for without reserve:
1. Bouvier's Law Dictionary, Revised 6th Ed (1856)
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, will be sold without reserve. 
     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 
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.
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