Knowledge Base Glossary
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Glossary Words 1 - 6 of 6

Registered User
To submit a confidential maximum bid to an online auction service's automated bidding system. The system's electronic "proxy" will automatically increase the buyer's bid to maintain the high bid. The proxy bidding system will stop when it has won the auction or reached the maximum bid.

The relisting of an item occurs when it has not sold within its allotted auction time.

Reserve Auction
An auction in which the seller has set a minimum price for the item and reserves the right to accept or decline any and all bids. The minimum acceptable price may or may not be disclosed. Also known as an auction subject to confirmation and auction with reserve.

Reserve Price
The minimum price a seller will accept for an item to be sold at a reserve auction. This amount may or may not be disclosed.

The user term for retaliatory negative feedback, posted by one user in response to another user's negative feedback.

Reverse Trio
Known, female and two males

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