(verb and noun) a way of selling at a public meeting in which each item is sold to whoever makes the highest bid.
An electronic market, which can exist in both a business-to-business and business-to-consumer context. Sellers offer products or services to buyers through a Web site with a structured process for price-setting and fulfillment. Web auctions may follow English, Dutch, reverse-bid or sealed-bid processes. [Go to source
A program of accelerated marketing, usually three to four weeks in length, which ends with 'auction day'. On auction day, the property is sold to the highest bidder provided it reaches the reserve price.
The public sale of property to the highest bidder. At the end of the bidding the purchaser must sign a binding contract.
Tea auctions are held in India, Sri Lanka, Indonesia, Kenya and Malawi. These auctions only sell teas from their particular areas. The London Tea Auction was held from 1679 till 1998 every Monday morning. It was the only international tea auction, where teas from all over the world were sold.
the entire round of bidding on a deal.
the bidding; portion of a deal in which the players bid for the right to name the final contract.
A selling format where buyers make progressively higher offers on a product or service until the time runs out. The buyer making the highest offer will be obligated to purchase the product or service from the seller.
A sale by auction can be a preferred option in favourable seller market conditions and is usually perceived to maximise the price of the sale.
A method for selling an asset to the highest bidder. see also auction market, Treasury auction, Dutch auction.
Sale of an asset to the highest bidder.
A public sale of a security whereby the issuer invites authorised dealers to make bids in price or yield until the full amount of the issue is sold. See English Auction, Dutch Auction.
Matches buyers and sellers in any mar-ketplace (or exchange) to transact in any quantity at any time. Allows users to submit a request for goods and services to be bid on by suppliers.
The sale of property by means of exchanges between an auctioneer and bidders whereby the auctioneer declares a sale to the highest, or most favorable bidder, to form a contract for sale between that bidder and the seller.
Public sale of property, where highest bidder is purchaser and determines market value.
A sale of stamps, covers and other philatelic items where prospective purchasers place bids in an attempt to obtain the desired items. The highest bidder for each lot (described item or items) makes the purchase. Auctions are generally divided into mail sales, where bids are accepted by mail, and public sales, where mail bids are combined with live bidding from individuals present at the auction or participating by telephone. Online auctions, which take place on the Internet (eBay for example), are also very popular.
An award sale through which program members use their miles to bid against each other for a one-time only award that often involves attending special events or meeting famous people.
(n.) the period of the game during which each of the players makes a bid.
Where stamps and collections are offered for sale to the highest bidder. Usually, products are offered with reference to an estimated value, and bidding starts from that value. Some products may have a reserve price, meaning that they cannot be sold for a lower amount.
A sale of property, in which the item goes to the highest bidder.
A method of issue where brokers or dealers submit bids to the issuer on either a price or yield basis. Auction rules vary considerably across markets.
Another form of Exclusive and highest form of Real Estate selling. Simply, an Auctioneer puts a property for sale in a public gathering and sells it to the highest bidder.
The final step in the foreclosure process in which your property is sold at a public sale.
Sale of tea in an auction room on a stipulated date at a specific time. Tea auctions are held in India, Sri Lanka, Indonesia, Kenya and Malawi- these auctions only sell teas from their particular areas. The London Tea Auction, held every Monday morning (barring public or bank holidays) in the city of London is the only true international tea auction, where teas from all over the world are sold.
the public sale of something to the highest bidder
a complex, drawn-out affair, compared with a one-on-one sale, and can place enormous strain on a company
a contract and the winning bidder is obliged to complete the transaction
a final sale and can't have contingencies
a form of marketing where the actual selling price is negotiated higher rather than lower
a given commodity exchanges, where several identical goods are sold simultaneously submit bids are
a good way to sell a large amount of your items in a short amount of time
a market institution with an explicit set of rules determining resource alloation and prices on the basis of bids to buy and/or offers to sell from the market participants
a means to sell property of all types by verbal exchange or written exchange in which the property is offered and sells to the highest bidder
a method of asset sale by competitive bidding
a method of marketing where the items sell to the highest bidders
a much more volatile marketplace in which to sell a property
an accelerated sales process by which items or lots are rapidly sold, usually to the highest bidder
an event where items are sold to the highest bidders
an exchange mechanism where many potential buyers submit bids for a commodity that is usually awarded to the highest bidder
a place to make an offer to sell, and if it is accepted, there is a contract, as Richard pointed out
a place where people can sometimes find a "deal", depending on what others bid
a process by which products are bought and sold, with the highest bidder being able to purchase the product
a public sale at which buyers make bids
a public sale in which the seller specifies the minimum price of an item
a public sale, that is usually offering products that are not available elsewhere
a public sale, where buyers and sellers trade at prices agreed on by a process of bidding, where the winning buyer is the one with the highest bid
a public sale whereby goods and/or Real Estate are sold to the highest bidder
a relatively new marketing tool that offers an alternative to the traditional negotiated sale process
a sale by competitive bid
a sale in which people bid on an item, and the person with the highest offer is grante
a sale in which the seller has certain time specific deadlines to accomplish a liquidation of a large quantity of assets
a social event, not individual negotiation, that creates the apparent requirement that bidders compete to be the successful buyer
a system of buying or selling a good or offering a contract to secure the performance of services (e
a unique method for transacting, when buying or selling items
a unique sales event where the exact value of the item for sale is not known
a way to sell deficit things, based on
A sale where items are offered, one at a time for purchase, under certain conditions. They may be fully or partially guaranteed, or strictly "As Is". Either oral or written bids are accepted continuously until the item is purchased by the highest bidder.
A sale at which philatelic material is sold to the highest bidder.
An offering to sell an individual item or group of items in which the price is determined by the highest bidder, sometimes with a reserve (minimum) price
righttobuymortgages wrote 3 months ago: Public sale of a property to the highest bidder. The purchaser must immediately sign a binding contract and should ensure … more » Tags: Mortgage Glossary
There are two types of online auctions: commercial and person-to-person. At a commercial auction venue, buyers compete with one another to purchase goods, which are stocked in clearance warehouses. These items might be unused or they may be discontinued, refurbished, used or customer returns. At a person-to-person auction site, sellers and bidders meet in the middle ground. Sellers pay a fee to list items for sale. After the bidding, the auctioneer notifies the winning bidder and the seller, who makes arrangements to complete the transaction privately.
The bidding in Chemin de Fer for control of the shoe.
It is possible to trade items and stackable items, with other players all over Calypso, via the auction, placed in a small number of cities. There is a 1 PED fee to sell an item via the auction.
The principal method of central bank bond issuance. In the case of UK Gilts, GEMMs (and clients through GEMMs) place bids with the Bank of England which, if successful, are filled at the bid price.
A system of trade in commodities in which prospective buyers and sellers are brought together under the auspices of an independent auctioneer who invites bids for the products or produce offered for sale.
Type of fantasy draft in which the owners use fake money to bid on players. Owners usually nominate the players, and there every owner has a certain amount of money to use to fill his entire roster.
An invitation for bids on a business by a specified date. In practice, the date is often extended for the three or four top bidders, who then are invited to improve their offers.
The open sale of a property. The winner of the bid is legally bound to buy the house.
Market for cattle through which an auctioneer sells cattle to the highest bidder.
(1) A method of selling a property in a public forum through open, competitive bidding. (2) The act of putting an item up for sale in a competitive public auction.
The sale process by which multiple bidders compete to acquire a vehicle that is ultimately sold to the person offering the highest price.
A forum for buying an item in which buyers bid against one another.
A sale, open to the public, of property sold to the highest bidder.
A three to five week programme using a high-profile marketing campaign. The sale of the property goes to the highest bidder or is passed in if your Reserve price is not met.
Conventional gilts: Open to all bidders, although only GEMMs are allowed to make telephone bids — others can only make postal bids. Successful bids in conventional gilt auctions are allotted stock on a bid price basis, paying the price they bid. There is also a limited facility for non-competitive bids. Index-linked gilts: open to IG GEMMs only (for competitive bids) and conducted on a uniform price basis, based on the minimum accepted price. There is also a limited facility for non-competitive bids.
Public sale of property - ownership goes to the highest bidder subject to a reverse price being reached
A public sale at which various lots ( groups) are sold to the highest bidder.
A method of selling property, both personal & real, through open and competitive bidding, where the buyer is the highest bidder. Also referred to as: public auction.
A sale of property to the highest bidder. Slaves were sold at auction to plantation owners.
The selling of real or personal property to the highest bidder by a person licensed and authorized to sell the property. The auctioneer is employed by the owner or seller of the property as an agent and normally receives a percentage of the sales price as his or her commission.
A sale that is to be accomplished by a process of requesting Bids for a business by a specified date.
A public sale of property to the highest bidder.
Method of selling a property to a person who makes the highest bid. The person conducting an auction is called auctioneer.
Where bids are accepted for a business within a specific time period.
The process of selling a property the highest bidder. In the case of foreclosures, there may be starting price, which is the lowest amount the lender will accept. In an Absolute Auction of a foreclosure, there is no minimum price.
Public sale of property with ownership going to the highest bidder, subject to a reserve price being reached.
A sale of property, conducted in public or after a notice to the general public, to the highest bidder.
An auction is a special method of setting prices. During an auction, potential buyers and/or sellers make bids. The auction mechanism determines which of the bids is accepted and defines the flow of payment between the participating parties.
selling a property to the highest bidder at a public sale
A sale held to sell goods or property to the highest bidder.
A method of selling property in an online forum through open and competitive bidding.
A process by which property is offered for sale to the highest bidder• Land - Dealings With
Sale by auction, subject to any reserve price decided by the owner. Either "knocked down" or "passed in", in favour of the highest bidder.
The first stage of a hand, where players take turns to bid in competition for the ultimate contract.
A method of selling real estate in a public forum through open and competitive bidding. Also referred to as: public auction, auction sale or sale.
Sale of tea in an auction room on a stipulated date at a specific time. Tea auctions are held in India, Sri Lanka, Indonesia, Kenya and Malawi- these auctions only sell teas from their particular areas. Brokers take bids for factories and plantations which produce the tea.
A public sale where the property is sold to the highest bidder.
The process of selling property to the highest bidder.
A public sale in which property is sold to the highest bidder.
Sale of an item to the highest bidder. (1) A method commonly used in exchange control regimes for the allocation of foreign exchange. (2) A method for allocating government paper, such as US Treasury Bills. Small investors are given preferential access to the bills. The average issuing price is then computed on the basis of the competitive bids accepted. In some circumstances for government auctions it is the yield rather than the price which is bid.
a process whereby a title is submitted, particularly by a literary agent, to a number of selected publishers in order to secure the best offer or highest price. Auctions sometimes run to several 'rounds' and may end with the exercise of topping rights. X Y Z
An event in which items are made available to members for bidding during a specified time period (duration).
Public sale of property (or items) through a bidding process with ownership going to the highest bidder.
A public sale of goods to the highest bidder.
A method of selling by which an item is put up "on the auction block" and interested parties "bid" for the item in increasing money amounts until the highest bidder is finally left unchallenged and thus becomes the buyer. The item seldom comes with a guarantee to its age, origin or authorship and thus auctions are "buyer beware".
Public sale of a property to the highest bidder. The purchaser must immediately sign a binding contract and should ensure that all valuations, searches etc are carried out prior to the sale.
The public sale of a property with ownership going to the highest bidder subject to the vendor's reserve price been reached. Please click the back button of your browser to return.
Method by which the Bank of England issues gilts. Successful applicants pay the price that they offered.
Manuscripts a literary agent believes to be hot properties (such as possible bestsellers with strong subsidiary rights potential) will be offered for confidential bidding from multiple publishing houses. Likewise, the reprint, film, and other rights to a successful book may be auctioned off by the original publisher's subsidiary rights department or by the author's agent.
The process of selling a home to the highest bidder on a fixed day. The successful bidder is usually required to place a deposit within minutes of the "hammer" falling. There have been a number of new laws relating to Auctions in order to ensure fair bidding process.
A means of selling a property whereby it is listed at an auction and if the property does not reach the reserve price then it is not sold. If it does then the auctioneer's hammer falls that represents an exchange of contracts and the successful bidder is legally obliged to pay a 10% deposit and sign a memorandum of sale before leaving the auction. Usually completion takes places 28 days later and the buyer cannot re-negotiate any of the stipulated terms and buys the property "as seen". Structural surveys and searches would have to be made in advance by a bidder.
I know you're shaking your head, but there are folks out there that have asked this question. Yeah, I don't know what planet they're from, but we're here to help. An auction, for those who need to know, is a methodology whereby a Seller can present an item for sale and give Buyers the opportunity to bid on an item/items. At the close of the auction, under the correct circumstances, the item/items go to the bidder who is willing to pay the highest price.
The bidding phase at the beginning of each round, when the contract for that round is determined.
Used in place of a draft in leagues that use a salary cap. Instead of taking turns drafting players, teams bid on players with the highest bidder retaining rights to that player.
This is a sale of a property whereby if you win the bid you are legally bound to buy the home. Therefore it is imperative to have mortgage approval before participating in an auction.
Public sale at which businesses are sold to the person making the highest bid
Property sale. If you win the bid you are legally bond to buy the home so it is vital to have a mortgage approved and to make sure that the house is structurally sound before the auction.
The sale process by which multiple bidders compete to purchase a vehicle that is finally sold to the individual offering the highest price.
The normal process of selling government securities. The Central Bank accepts bids down to the lowest acceptable price (ie highest yield).
An offering of coins or other items for sale where the buyer must bid against other potential buyers with no set price. This is in contrast with ordering from a catalog, price list, or advertisement at an advertised price.
A common method of issuing gilts. Similar to a Tender Offer. In an auction, investors apply to buy the new gilts being issued, specifying the amount they wish to purchase and the price they are prepared to pay. The new gilts will be issued to investors who bid the highest prices and investors pay the price which they bid. This is the one difference between the auction and the tender - in a tender investors all pay the same strike price, regardless of what price they bid.
A public sale with items sold to the highest bidder. Used in the enforcement of a warehouseman's lien covered by the Uniform Commercial Code.
Achieves a sale to the highest bidder subject to conditions. You should seek our advice before either contemplating selling or buying at an auction to discuss the implications.
An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. Auctioning can be traced as far back as 500 B.C. Davidow, Emily (2000).
