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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Tenant At Will Ad Hoc MINT
Kilowatt hours (kWh) Institutional Sector Bill of Lading
Cutting edge Non-Monetary Demand
Booking Fee Due date Dividend cover
Bespoke Retail Scheme Reimbursement Offshore funds
Landslide Margin Scheme Package Hedging
Bail Lord Chancellor Umbrella Fund
Woolf Reforms Land Registry Fee Account monitoring order
Arrangement Fee Quasi-judicial functions Community Acquis
Tala Discount received FMCG
Default Surcharge Tax Form - P46 Vicarious Liability
Recorder B2B Crowding Out
Break up value DAN Executrix-nominate

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

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