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.

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Sub silentio Corporations Aliunde Term Loan
TMI POS Diversification Crown Copyright Waiver
Bonded Warehouse Troy pound Tax Avoidance Deep pockets
Exporter MBPS Credit Note Costing Systems
Prime Minister Bankruptcy Kerning Leave of the court
Sub nomine W3C MoJ Txid
White Bonnet Perquisite (perk) Market Research Hidden Economy
Associated companies Buy-in The Crown Tax Evasion
Certified Documents Charitable Trust Obscuration Garage Sale
Overseas company Rational Decision Golden Handcuffs Gazumping

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

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