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Cut Bid Definition
Cutting the bid is generally where a bidder offers less than what the auctionner is asking for. For example, the auctioneer is asking $50.00 and you indicate by hand motion moving from left to right that you want to cut the bid. In this case the bid may be cut to $25.00 if there is no higher bid, or a lower increment.
Added By:
EdensAuctions
Category:
Auctions
Definition List
Custom Custard Glass Cusp Curvilinear Curtain Wall Cut Bid Cut Glass Cut Velvet Cute Cutout Cyan
Custom Custard Glass Cusp Curvilinear Curtain Wall Cut Bid Cut Glass Cut Velvet Cute Cutout Cyan
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Absentee Bid Backup Bidder Bid Bid Card Bid Paddle Bid Rigging Bidder Bidet Carbide Disk Cellocut
Absentee Bid Backup Bidder Bid Bid Card Bid Paddle Bid Rigging Bidder Bidet Carbide Disk Cellocut