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Miniumum Opening Bid Definition
A minimum opening bid is sometimes used instead of setting a reserve on an item being sold, or in combination therewith. This is the lowest starting price the auctioneer will accept for an item. If there is no reserve then the item will be sold at not less than the minimum bid. This is also commonly used in online auctions of items.
Added By:
EdensAuctions
Category:
Auctions
Definition List
Minimalism Miniature Ming Mineral Spirits Mind Miniumum Opening Bid Minton Minuscule Mirror Mirrors Mischio
Minimalism Miniature Ming Mineral Spirits Mind Miniumum Opening Bid Minton Minuscule Mirror Mirrors Mischio
Related Terms
Absentee Bid Backup Bidder Bid Bid Card Bid Paddle Bid Rigging Bidder Bidet Carbide Disk Cut Bid
Absentee Bid Backup Bidder Bid Bid Card Bid Paddle Bid Rigging Bidder Bidet Carbide Disk Cut Bid