Auction: Difference between revisions
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* [[Dutch auction]] | * [[Dutch auction]] | ||
* [[Dynamic discounting]] | * [[Dynamic discounting]] | ||
* [[Indexed Long-Term Repo operations]] | |||
* [[Offer]] | * [[Offer]] | ||
* [[Open outcry]] | * [[Open outcry]] | ||
Revision as of 08:11, 25 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.
