Business terms and jargon explained. Your business dictionary

What is Auction

This is a process of buying where bids are submitted in an attempt to outbid competitors to win/ buy a product and service for the bid price. The highest bidder wins. Bidding normally take place in an auction room where bidder may bid by phone or in person.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Search Term   

Warrant of commitment Cross examination Ex gratia Executrices
Negligible Value Volume discount BTW Deferment Account
Bubble Petitioner Unemployed LTV
Preferred stock Lien Paris Convention Administrator
Magnum opus Case stated Chair Plug Private Treaty
Gross Estate RAR Watering Stock Tax code
White Bonnet Equilibrium Exchange Rate Remortgage Venture Capital
Indictment Audit Report Taxation of costs Co-Decision - EU
Rupiah Golden Parachute Deductible VAT ETA
Charity Executrix-dative Fiat money Zillionaire

Term created / updated 2011-06-19 17:45:06

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.