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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Cash Flow Forecast Public Sector Line Manager
Gold fix Team player LIFFE
Magistrates court Recycle Guardianship order
Diplomat Furlough Credit Risk Mitigation
KPI Bull Market Payroll
Zip Code Whistleblower Visible Trade
Consideration CSS Sort code
Management buyout Portfolio Diversification Continuous Supply Of Goods
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Default Judgment Acquisition Consolidated supervision
Mitigating Dumping Business Class
Forwarding Agent Buy-in Registered Design

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

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