Dutch auction |
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Definition
Type of forward auction, in which a seller of a large block of items seeks bids within a specified price range for the whole block. The auction begins with a high starting price which is progressively lowered until the seller finds an acceptable bid. Tulips in Holland, and treasury bonds in the US, are auctioned in this manner.
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Dutch auction is in the Commodities & Precious Metals Trading, E-Commerce, Internet & World Wide Web, Purchasing & Procurement and Securities & Futures Trading subjects.
Dutch auction appears in the definition of the following term: auction rate bond
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