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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Insider lending IANAL Agent
Aftershocks Statement of Account Banking book
Principal trade Insider report Domicile
Authorised Operator Troy Ounce F2F
DDOS Power of Attorney Lord Chancellor
Annuitant Social justice E.C.B
EDIFACT Call Back Pay Capped Rate
Goods Balloon Payment Residential property
Pataca Non-Status Mortgage Consideration
Bill of Lading IPO Annual exemption
Confidentiality agreement N323 Civil Court form Downtime
Administratrix Lawyer Committal proceedings
Liquidity Internal Auditing NAIRU

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

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