buy-side auction
Definition
Internet auction where a prospective buyer bids for an item (such as an air ticket) and confirms the bid with authorization to charge his or her credit card. If the seller (the airline) agrees, the bid amount is drawn from the card and the sale is completed on delivery of the item to the buyer.
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buy-side auction is in the E-Commerce, Internet & World Wide Web and Purchasing & Procurement subjects.
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