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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Forum Prospecting Entitled Vessel Deferment Account
Mediation Talis qualis Confirmation of Verbal Agreement Deferment Trader
Affiliate Marketing Lat Abort fee Fixed Assets
Security for Loans Indemnify Kyat Tax rebate
Jus Land Registry Fee Justice of the peace Petitioner
Publici juris Forwarding Agent Equity WOWGR
Cost Unit Loading List Author Consumption Goods
IPT Interest rate risk Lempira Pilot Operation
Marketing Plan Magic bullet Res nulis Discretionary Trust
Merit Good Enterprise Value Living Wage Smart Card

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

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