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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Institutional Unit Macro environment Cash Flow
Invention Gaming Duty Goods
Ward of Court Kaizen County Court
Tax Avoidance Secus Global Accounting
Payout Period Junk bonds Functionality
Big Hitter Greenwashing UK Business Registration
Natural resources Gross domestic product - GDP Voting right
Womb to Tomb Insider Threat Debt collection letters
Qualifying share Advance information Process
Beneficial Owner Statement of Account QC
Corporate Culture Assumption Interpleader
Money Transfer Abroad Stet Discount received
mutatis mutandis Freelance Medium of exchange

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

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