What does dutch auction mean?
Definitions for dutch auction
dutch auc·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word dutch auction.
Princeton's WordNet
dutch auctionnoun
a method of selling in which the price is reduced until a buyer is found
Wiktionary
Dutch auctionnoun
an auction where many of the same item are sold.
Dutch auctionnoun
a reverse auction that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy
Dutch auctionnoun
A reverse auction that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy.
ChatGPT
dutch auction
A Dutch auction is a type of auction in which the auctioneer begins with a high asking price and gradually lowers it until a bidder is ready to purchase or until an acceptable price is reached. The first participant willing to pay the current price wins the auction. This method gets its name from its popularity in the Dutch flower market. It is also commonly used in securities auctions.
Wikidata
Dutch auction
A Dutch auction is a type of auction in which the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price, or a predetermined reserve price is reached. The winning participant pays the last announced price. This is also known as a clock auction or an open-outcry descending-price auction. This type of auction is convenient when it is important to auction goods quickly, since a sale never requires more than one bid. Theoretically, the bidding strategy and results of this auction are equivalent to those in a sealed first-price auction.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of dutch auction in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of dutch auction in Pythagorean Numerology is: 4
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"dutch auction." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/dutch+auction>.
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