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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Leasehold Asset Turnover Adware Double Entry Accounting
Disciplinary procedure Balloon Payment Institutional Capacity Org chart
Money Transfer Abroad Nominal Damages Temporary Importation PERT chart
Collateralised Transactions Accepting house Churning Voidable
Domicile of origin Customer information order Consideration Author
Free Zone Manager Kerning Woolf Reforms Direct Costs
Internet and email usage policy Non sequitur OATH In delicto
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Annuitant Troy Ounce Contribution CPEI

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

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