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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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

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