Submit a Definitions
Submit a definition! Help us build out database.
Get a Term Defined
Request a definition! Submit a term you need defined.
Sealed Bid Auction Definition
A sealed bid auction as opposed to a live or online auction is where bidders submit their bid under seal to be opened at a specific time. The auction can still be absolute to the highest bidder or with reserve.
Added By:
EdensAuctions
Category:
Auctions