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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Excise Warehouse Bancassurance Trademark
Alimony BotNet N260 Civil Court form
Ex Stock Bank of England Perquisite (perk)
Bonded Goods Interest rate risk PERT chart
GTC Intermediate goods Executrix
Billing Cycle Mesne Profits Real Wage Flexibility
Enterprise Value Information Assets Keystroke logger
Default Surcharge Gold Cordoba Sin Tax
Arbitration E.C.B Voidable
Directors Proactive Functionality
Annulment Batch production Keiretsu
Warrant of distress In loco parentis Volume discount
Closure Formal Covenant Autoregressive

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

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