Auction: Difference between revisions
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imported>Doug Williamson (Create page. Sources: Linked pages.) |
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Revision as of 21:50, 16 February 2022
1. Noun.
A competitive pricing process in which prospective purchasers submit rival bids.
The item - or items - being offered for sale are then sold to the purchaser - or purchasers - submitting the most favourable bids, for example, the highest prices.
2. Adjective.
Relating to a competitive pricing process as described above.
