Definition & Meaning of "NR"

Usage of NR

The abbreviation NR stands for "no reserve", which is commonly used in the context of auctions. It means that the item being auctioned will be sold to the highest bidder, regardless of the price. In other words, there is no minimum or reserve price set for the item. This term is also used in other contexts to indicate that there are no limitations or restrictions on something.

Examples of NR used in texting:
1. "Hey, I'm selling my old bike on eBay, and it's going for really cheap. NR auction, so it could go for a steal!"
2. "The concert tickets I'm selling have no reserve, so it's first come, first served!"
3. "I'm bidding on a car that's NR, so I'm hoping to get it for a good price."