auction by reserve

auction by reserve
auction by reserve
An auction in which the auctioneer may not withdraw the lot once the first bid is made, and the lot is sold to the highest bidder
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Main Entry:auction

Useful english dictionary. 2012.

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Look at other dictionaries:

  • auction without reserve — See without reserve …   Ballentine's law dictionary

  • Reserve Price — A minimum dollar amount that the owner of an item up for auction will accept as the winning bid in the auction. The reserve price prevents the auction from being won at a price that is lower than the item s owner will accept. The auction s… …   Investment dictionary

  • auction — auc·tion n: a public sale of property to the highest bidder see also reserve Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. auction …   Law dictionary

  • reserve — re·serve 1 vt re·served, re·serv·ing: to keep back or set apart: as a: to keep (a right, power, or interest) esp. by express declaration all rights reserved compare waive b: to defer a determination of (a question of law) …   Law dictionary

  • reserve — [ri zʉrv′] vt. reserved, reserving [ME reserven < OFr reserver < L reservare < re , back + servare: see OBSERVE] 1. to keep back, store up, or set apart for later use or for some special purpose 2. to hold over to a later time 3. to set… …   English World dictionary

  • reserve price — n: a price announced at an auction as the lowest that will be considered Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • reserve price — ► NOUN ▪ the price stipulated as the lowest acceptable by the seller for an item sold at auction …   English terms dictionary

  • Auction — Auctioneer redirects here. For the DC Comics supervillain, see Auctioneer (comics). An auctioneer and her assistants scan the crowd for bidders. An auction is a process of buying and selling goods or services by offering them up for bid, taking… …   Wikipedia

  • Auction World.tv — Infobox TV channel dummy parameter= name=Auction World.tv launch=1 November 2001 logofile=Auction World tv.jpg closed date=19 November 2004 availability note= At time of closure sat serv 1=Sky Digital sat chan 1= 651 (2001 2003) 660 (2003 2004)… …   Wikipedia

  • auction — auctionable, adj. auctionary, adj. /awk sheuhn/, n. 1. Also called public sale. a publicly held sale at which property or goods are sold to the highest bidder. 2. Cards. a. See auction bridge. b. (in bridge or certain other games) the competitive …   Universalium

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