Hi Ethan, Generally in English-speaking countries we don't haggle - generally the price is fixed. But if we do haggle, we would say something like - what is your best price? (This means, what is the lowest price you would accept). Similarly, if I am offering to pay less than the advertised price, I would say... okay, how about $xxxx - then the seller would probably say no and ask me what my best price is. In this case, the seller is asking me the highest price I would be prepared to pay. As far as I am aware, we don't have a term for initial offer (other than initial offer). I hope that helps! Good luck. Cathryn

There are many scenarios as to how bargaining and haggling does or doesn’t occur in the USA an English speaking country. I live in New York near Pennsylvania and New Jersey. People definitely Haggle, Bargain, try to “Negotiate” a price (or use “Negotiating Tactics”) often. Native English speaking people as well as non native English speakers. Many people utilize a bargaining or haggling initial “Strategy” with vendors, but not so much in the store. Often this happens on the street or at big events where people are selling items or in certain areas where it’s known to be more acceptable. When people have handmade items and people try to “Leverage” a different price, artist feel insulted at times. They made those items they weren’t manufactured. If the person started off with a “Low Ball” offer, the vendor isn’t even willing to waste time haggling with the person. People have tried to haggle with me before when I have been a vendor. When this has occurred I quickly state a price, “Twenty-five ($25.00) and I’m not going any lower than that.” I counter with the only price I am willing to accept. Which might be five ($5.00) less than my original price, no matter what their initial offer was. I don’t waste time with all that haggling. The words I put in capitol letters, I think go along with your question and use of the word “Anchor.” Side note, vendors even barter here in the USA. I’ve seen this done by many native English speaking Americans. I hope this was somewhat helpful. Sorry if my examples were long.

I've seen the word "anchor bid" used in the context you describe. It's a technical term, not known generally.