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absolute auction

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  • absolute auction — ➔ auction1 * * * absolute auction UK US noun [C] ► COMMERCE an auction (= type of sale) where something is sold to the person who offers the most money, and does not have a reserve price (= minimum sale price): »Although the seller was… …   Financial and business terms

  • Absolute Auction — A type of auction where the sale is awarded to the highest bidder. Absolute auctions do not have a reserve price which sets a minimum required bid for the item to be sold. One type of absolute auction relates to foreclosed properties, where the… …   Investment dictionary

  • auction — 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… …   Financial and business terms

  • 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 sniping — is the process of watching a timed online auction (such as on eBay), and placing a winning bid at the last possible moment (often seconds before the end of the auction), giving the other bidders no time to outbid the sniper. Some bidders do this… …   Wikipedia

  • Lender Confirmation Auction — A type of foreclosure auction where the highest bid must be approved and accepted by the lender (usually the bank). Lender confirmation auctions are opposed to an absolute auction, where the winning bid gets the property. The property is… …   Investment dictionary

  • Most expensive cars sold in auction — This is a list of the most expensive cars sold in auto auctions through the traditional bidding process, consisting of those that attracted headline grabbing publicity, mainly for the high price their new owners have paid. The current record is… …   Wikipedia

  • Online travel auction — An online travel auction is a system of buying and selling travel products and services online by proffering them up for bid and then awarding the item to the highest bidder. As with a standard (offline) auction, the bidders, having made a… …   Wikipedia

  • Michael Vick — Vick during a post game interview in September 2009 …   Wikipedia

  • American Freedom Mortgage — Infobox Defunct Company company name = American Freedom Mortgage, Inc. company fate = Bankruptcy defunct = January 30, 2007 company type = S Corporation foundation = Marietta, Georgia, 2001 location = Atlanta, Georgia (original headquarters)… …   Wikipedia

  • Foreclosure Filing — The initial legal process of selling a mortgaged property that is in default. When a borrower defaults in making mortgage payments or otherwise fails to fulfill the terms of the mortgage agreement, the lender can enforce its rights through the… …   Investment dictionary

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