Dutch auction
See also: Dutch-auction
English
Pronunciation
- (UK) IPA(key): /ˌdʌtʃ ˈɔːk.ʃən/
Noun
Dutch auction (plural Dutch auctions)
- An auction where many of the same item are sold.
- A reverse auction that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy.
Translations
auction of many of the same item
reverse auction
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