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.

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z


Search Term   

Assumption Armchair general Caution
Garnishment Warehouse Project support Office
Taxation of costs Annual exemption Special Commissioner
E-Zine Won Uberrimae fidei
Cost per Action General Partner Self-Billing
Qualification period P11D Decree Absolute
Brute force Ex facie Retail Prices Index - RPI - RPIX
Factor DDOS Flexitime
KITING Nominal wage flexibility Balance Transfer
Foreclosure Keyman / keywoman insurance SHA1
Appraisal Directors Guarantee Letter POS
Exchange rate risk Hysteresis VOIP
Tenant Utter Social justice

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

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.