Knowledge Base Glossary
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Glossary Words 1 - 9 of 9
An indication and offer on an item up for sale at a competitive public auction. Bids are typically made in predetermined increments.
A form executed by the high bidder, which identifies the bidder and confirms that he or she won the auction. It also verifies the item's bid price and description.
A historical list of all the bids made on a particular auction during or after the auction.
The amount an item increases in price after each new bid. The seller sets the increment.
An unlawful practice in which two or more people agree not to bid against one another in order to deflate the potential value of an item. See collusion.
The practice of contacting bidders and offering to sell them the same item they are currently bidding on, thus drawing bidders away from the legitimate seller's auction.
A high bidder's confirmation that the item for sale was listed at its fair market value.
An online search that will generate a list of items a user has bid on at an online auction service.
To make an offer on an item that is up for public auction
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