auction

Definition of auction in English English dictionary: A public event where goods or property are sold to the highest bidder; To sell at an auction; {n} a public sale to the highest bidder; a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge; The things sold by auction or put up to auction; A method of selling property in a public forum through open and competitive bidding Also referred to as: public auction, auction sale or sale; the public sale of something to the highest bidder; 1 The process of determining the contract by means of successive calls 2 The aggregate of calls made (see Law 17E); To sell something, such as frequency spectrum, to the highest bidder 10 10a; 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 selling of property to the highest bidder; Selling property to the highest bidder; {i} public sale where items are sold to the highest bidder; A public sale of property to the highest bidder, esp; The process of selling property to the highest bidder; Sealed-bid public sale of Treasury securities; method of determining the rate or yield; An announced event whereby property is sold to the highest bidder; A public sale in which property (or an article) is sold to the highest bidder; An offering of coins for sale where the buyer must bid against other potential buyers, as opposed to ordering from a catalog, price list, or advertisement at a set price; The way price and interest are determined [FRBSF]; a method of offering and selling coins to the highest bidder; 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 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; > A public sale in which property or items of merchandise are sold to the highest bidder; sale of something to the highest bidder Used by governments to get the best interest rates when they borrow (known as a T-bill auction) The more bidders there are, the higher the "price" for the bill and therefore the lower the yield or interest rate; 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; An auction is a public sale where goods are sold to the person who offers the highest price. Lord Salisbury bought the picture at auction in London some years ago; Public sale at which businesses are sold to the person making the highest bid; A method of determining price and interest; 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"; To sell by auction; the public sale of something to the highest bidder a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge sell at an auction; Any of several wholesale market mechanisms that settle pricing by bids from participating parties; different sets of rules apply to different types of auctions Note that terminology describing auctions is not always consistent from one industry to another For an excellent description of auctions and the theory they are based on, go to www auctusdev com; 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, which was held every Monday morning (barring public or bank holidays) in the City of London until it's close in 1998 was the only true international tea auction, where teas from all over the world were sold; by a person licensed and authorized for the purpose; a vendue; sell at an auction; A process by which property is offered for sale to the highest bidder •Land - Dealings With; If something is auctioned, it is sold in an auction. a public meeting where land, buildings, paintings etc are sold to the person who offers the most money for them at auction (auctio , from augere ( AUGMENT); because the money offered increases). to sell something at an auction. Buying and selling of property through open public bidding. Typically, potential purchasers make a succession of increasing bids or offers until the highest (and final) bid is accepted by the auctioneer. At a so-called Dutch auction, by contrast, the seller offers property at successively lower prices until one of his offers is accepted or until the price drops so low as to force the withdrawal of the offered property. Prospective buyers are usually allowed to examine auction items beforehand, and sellers may set a minimum price below which the property will not be sold. Auctions are important in the agricultural markets of many countries, permitting the rapid sale of perishable goods. Other items often sold at auction include artwork and antiques, secondhand goods, and farms and buildings repossessed by banks or the government. Auctions can be structured in many ways (e.g., bids submitted in person, via telephone, or over the Internet). Auction selling is also employed on stock and commodity exchanges; A method used by governments trying to sell 3G licenses to the highest bidders and is used by many countries; {f} sell at an auction (public sale in which items are sold to the highest bidder)
auction call: The option to call a securitized bond usually after a set time period or after the deal's assets have amortized substantially. Typically, the deal's trustee places the entire portfolio of assets up for bid. The highest bid wins the auction and the sale proceeds are used to pay off all the tranches in the deal. All money left over after paying off the notes is usually split (not evenly) between the holders the most subordinate class of notes (often referred to as the equity) and the collateral manager
auction block: a platform from which an auctioneer sells; "they put their paintings on the block"
auction block: The podium or raised platform where the auctioneer stands while conducting the auction "Placing (an item) on the auction block" means to sell something at auction
auction block: a platform from which an auctioneer sells; "they put their paintings on the block
auction bridge: The score value of each trick more than six taken by the successful bidder is as follows: when the trump is spades, 2; clubs, 6; diamonds, 7; hearts, 8; royal spades (lilies), 9; and when the deal is played with no trump, 10
auction bridge: A variety of bridge in which tricks made in excess of the contract are scored toward game
auction bridge: A variety of the game of bridge in which the players, beginning with the dealer, bid for the privilege of naming the trump and playing with the dummy for that deal, there being heavy penalties for a player's failure to make good his bid
auction house: a firm that conducts auctions
auction off: sell at an auction, sell to the highest bidder
auction off: If you auction off something, you sell it to the person who offers the most money for it, often at an auction. Her dresses will be auctioned off for charity They take drug dealers' boats, cars and houses and auction them off after the crooks are convicted
auction off: sell at an auction
auction pitch: A game of cards in which the players bid for the privilege of determining or "pitching"
auction pitch: the trump suit
auction room: room or place where an auction takes place
Dutch auction: an auction where many of the same item are sold
Dutch auction: a reverse auction that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy
Vickrey auction: A type of sealed-bid auction, where bidders submit written bids without knowing the bids of others, in which the highest bidder wins but the price paid is the second-highest bid
dutch-auction: Attributive form of dutch auction, noun
silent auction: An auction where people bid on a piece of paper, and whoever has the highest bid wins the item
Dutch auction: An auction in which an item is initially offered at a high price that is progressively lowered until a bid is made and the item sold. a public sale at which the price of something is gradually reduced until someone will pay it
auctioned: past of auction
auctioning: present participle of auction
auctions: Auctions are conducted on the internet, where bidding can start at either a high or low acceptable price and progressively lowers or increases until there is a winning bidder
auctions: Sourcing method to facilitate vendor selection Auctions can take several forms and can be buyer-initiated (one buyer seeking bids from multiple sellers), seller-initiated (one seller seeking bids from many buyers), or two-way (many buyers and many sellers whose bidding interactions determine the market price) (See also English Auction, Forward Auction, Dutch Auction, Vickery Auction, Reverse Auction, Yankee Auction )
auctions: third-person singular of auction
auctions: plural of , auction
auctions: Auction sales entail an individual (auctioneer) soliciting bids normally from an audience The item number is announced, bids are solicited from customers who are allowed to continually increase their bids, when no further increase occurs, the auctioneer pounds his gavel and the item is considered sold (although technically the item is not sold until the SCO signs the DRMS Form 1427)
auctions: Items you want to sell through an auction can be handled through the Inventory Management System (IMS) For more information, see Selling Online, Auction Summary, and Managing Your Auctions
auctions: Property sale If you win the bid, you are legally bound to buy the house B
auctions: Let multiple buyers bid competitively for products from individual suppliers Suitable for hard-to-move goods such as used capital equipment (forklifts) and surplus or excess inventory Prices only move up, but buyers can buy below list prices while sellers sell for more than a liquidator pays Auctions are becoming a feature of many Net markets, but some use auctions as their primary market mechanism Examples: AdAuction, TradeOut com (used equipment)
dutch auction: An alternative to the traditional negotiated pricing process used by underwriters to set IPO prices This method requires the underwriter to solicit bids from potential investors Investors indicate the number of shares that they want and the price that they are willing to pay per share Shares are then priced at the lowest clearing price Allocations are made with priority given to the highest bidders, first with regard to bid price and then according to bidded share size Because the only considerations taken into consideration for allocating shares is the bid price and shares, this pricing method does not discriminate between institutions and individuals with regard to allocations W R Hambrecht is the only investment bank to employ this method and does so only through the use of an online bidding platform
dutch auction: A procedure for buying and selling securities named for a system used for flower auctions in Holland A seller seeks bids within a specified price range, usually for a large block of stock or bonds After evaluating the range of bid prices received, the seller accepts the lowest price that will allow it to dispose of the entire block U S Treasury bills are sold under this system BACK TO TOP
dutch auction: Dutch or timing auction starts at a high price with the price automatically decreasing until an offer is made This type of auction has been traditionally used to clear commodies and was initiated by the Dutch for the sales of flowers
dutch auction: Named after the famous auctions of Dutch tulip bulbs in the 17th century, this method of marketing commodities is still used in the wholesale flower markets today as well as by many major financial firms So far as Direct-Issue's auctions are concerned, investors enter their bids for various quantities at various prices Then, starting at the highest bid, our system works through the bids in descending price order until it gets to the point where the whole issue has been sold The lowest successful bid sets the price paid by all successful bidders
dutch auction: Based on a pricing system devised by Nobel prize winning economist William Vickrey, the Dutch auction uses a bidding process to find an optimal market price for the stock, the lowest price at which an issuing company can sell all the available shares
dutch auction: Auction method used in which the security's price is gradually lowered until it meets an acceptable bid and is sold The Treasury uses this auction system when selling new notes or bonds to determine the lowest bid price (stop-out price) The opposite is the "auction market" system used by major stock exchanges
dutch auction: Also called a descending-price auction It starts from a high price Bidding decreases until a bidder accepts the price
dutch auction: a method of selling in which the price is reduced until a buyer is found
dutch auction: {i} auction that starts with a high price and the price is lowered gradually until someon makes a bid
dutch auction: A type of auction in which the price on an item is lowered until it gets its first bid and is sold at that price The Treasury auction is a Dutch auction
dutch auction: Auction in which the lowest price that would allow for the sale of all the securities being issued is used as the price for the entire issue A bid that is beneath that price would not be honored
dutch auction: An auction in which more than one identical item is offered for sale at the same time With multiple items up for sale, multiple bidders can win Also, one bidder can try to buy more than one quantity of the same item All winning bidders pay the lowest successful bid amount
dutch auction: The auctioneer announces a high price and then announces successively lower bids This continues until a prospective buyer calls a halt by offering to buy at the current price This is equivalent to an 'outlet' store successively lowering the marked prices on the clothes on the rack
dutch auction: A system in which a seller gradually lowers his price until a bid is met by the purchaser Treasury bills are sold in this manner
dutch auction: See: Price Discovery
dutch auction: Also known as a Descending Price Auction, it is typically used to sell a group of identical items The seller sets a starting high price per item, and the transaction engine continually lowers the price until a buyer makes an offer All participating buyers receive the items at the same low price
dutch auction: A competitive bidding technique in which the lowest price necessary to sell the entire amount of securities offered becomes the price at which all securities are sold
dutch auction: This is an auction where the quantity of the item being offered is greater than one Please review the auction site's rules regarding Dutch auction rules
dutch auction: An auction where the seller has multiple items to sell to multiple winners For example, if I post a Dutch auction offering 10 Snoopy PEZ dispensers - they will be sold (1 each) to the 10 highest bidders at auction close If I receive only 8 bids, then I sold 8 Snoopy PEZ dispensers
dutch auction: Auction in which the lowest price necessary to sell the entire offering is the price
online auction: a type of website in which you can sell things to the person who offers you the highest price
public auction: A meeting in an announced public location to sell property to repay a mortgage that is in default
public auction: A gathering at a preannounced public location to sell property to satisfy a mortgage that is in default
public auction: A sale of land through competitive, usually oral, bidding
public auction: A meeting open to public in an announced public location to sell property to repay a mortgage that is in default
public auction: A meeting in an announced public location to sell property to repay a mortgage that is in default Planned Unit Development (PUD) A project or subdivision that includes common property that is owned and maintained by a homeowners' association for the benefit and use of the individual PUD unit owners
public auction: A public meeting at which properties are sold to pay defaulted mortgages
put up for auction: offer for sale at an auction
put up to auction: place for sale by public bidding
reverse auction: Auctions with one buyer and many suppliers bidding for whatever it is
reverse auction: An auction in which the lowest offer wins, eg for refining terms
reverse auction: An auction where buyers post a listing for an item or service, and sellers bid their prices down to make a sale (conducted on sites like eWanted com)
reverse auction: Buyers list items they want to purchase and choose the best offer from competing sellers Winners are determined by allocating total quantity among lowest bidders
reverse auction: A type of auction in which buyers post their product or service needs and vendors bid to fulfill those needs, with prices moving downward as vendors compete against each other See also "Auction "
reverse auction: Also called a buyer's auction, a reverse auction empowers the buyer and allows them to find the lowest bidder from among suppliers/sellers
reverse auction: A buyer-initiated auction in which a buyer invites bids from multiple sellers The price decreases as sellers compete for the buyer's business with the lowest bid considered the winner Many large corporations may use a Reverse Auction as an alternative to the more traditional RFQ or RFP process, but in most Reverse Auctions, there are procedural variations For example, that the buyer is not bound to accept the lowest bid, but may accept any bid, or is not bound to accept any bids
silent auction: An auction where bids are submitted in writing