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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TAR Prudent Dividend
Pro forma Overdraft Satisfactory Quality
Clock sucker Regressive Tax SEED
Magnum opus Oblique intent Nominated court
Paying Agent Fiscal Flexibility National debt
Nominal wage flexibility Easter egg Armchair general
JCO Above-board Non-Monetary
Quantize Arbitration Appraisal
Leave to appeal Flexitime Manufacturing cell
Ad infinitum Volume discount Reimbursement
Cestui que trust Deed of assignment Depreciation
PRODCOM Automatic trade Group Registration
EAT Dividend yield Costing Systems

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

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