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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Actuary Zloty Make waves Utter
APR Group Incentive Lari Net income
AFAIK Hedge Yuan Money Supply
Price gouging Pre-Finance Goods learning curve Balance of payments (BOP)
Grant caeterorum Company Secretary Nisi Payer
WCO Import Duty Homogeneity Caution
Market Prices Liability Exporter Residue
Xerox N170 Civil Court form Chambers Patent Pools
Money Deposit Free Zone Inti Subsidiary
Subpoena Asset Turnover Inter partes Colon - El Salv

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

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