Business Terms and Jargon Explained

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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Tax Form - P14 Spoofing Gross value added - GVA
Charity Credit Tenant
Vatu Appreciation Usurious
Bullet Loan Alibi Watering Stock
Non-deductible VAT Book value Balboa
SME Admission of evidence Bridge loan - (bridging loan)
Tsunami Shareholder agreement Financial Auxiliaries
Call to Action Executrix-dative Consideration
Excise Duties Easement Tailwinds
Accumulation Job-ready Yen
Ofcom Lessor Gourde
Double Deflation Mitigation Monetary Policy
Exit strategy Quality circles Ancillary relief

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

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