Definitions for "Bid Retraction"
A buyer's right to cancel a bid on an item. Bidding is a binding contract and bid retraction should only be used in special circumstances.
A buyer cancels a bid. The retraction of a bid leaves a record on the bidder's feedback report. To retract a bid click on "Cancel your bid" under the buy menu.
This is were the bidder withdraws a bid he has made prior to the end of the auction.