Dutch auction
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.
Mentioned in these definitions
Popular 'Commodities & Precious Metals Trading' Terms
Dutch auction in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/Dutch-auction.html
