bidding war definition
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Bidding War Bidding War A bidding war refers to the competition that can often take place between two or more viable buyers at a foreclosure auction. In many states, homes that are foreclosed will be sold by the bank at an auction proceeding. The bidding war is what happens when two or more buyers eye the property at that auction.
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What is a 'Price War' When companies continuously lower prices to undercut the competition. A price war may be used to increase revenue in the short term or as a longer term strategy to gain market share.
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DEFINITION of 'Unsolicited Bid' BREAKING DOWN 'Unsolicited Bid'. An unsolicited bid to purchase a company that was not intending to sell may be followed by other unsolicited bids as the news travels. These other bids may up the purchase price and start a bidding war or takeover fight.
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- Definition of bid: General: Indication of willingness to buy or sell goods or services or to undertake a task, at a specific price and within a specific timeframe.
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Bid BID, contracts. A bid is an offer to pay a specified price for an article about to be sold at auction. The bidder has a right to withdraw his bid at any time before it is accepted, which acceptance is generally manifested by knocking down the hammer. 3 T. R. 148; Hardin's Rep. 181; Sugd. Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn.
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- auction. Common name for several types of sales where the price is neither set nor arrived at by negotiation, but is discovered through the process of competitive and open bidding.
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Bid Whist Online Bid Whist Definitions. 1  Bid After the cards are dealt, each person has one opportunity to say how many - 3, 4, 5, 6, or 7 - tricks or books they think they can make. And, unless s/he is bidding a No Trump, the bidder must also say if his/her bid is Uptown or Downtown.
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- 1 an order; command (often in the phrases do or follow the bidding of, at someone's bidding). 2 an invitation; summons. 3 the act of making bids, as at an auction or in bridge. 4 (Bridge, etc.) a group of bids considered collectively, esp. those made on a particular deal.
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Construction bidding Construction bidding. Construction bidding is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs.
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bid Definition of bid. 1a : the act of one who bids (see 1bid)b : a statement of what one will give or take for something is now accepting bids for the renovation project; especially : an offer of a price made a bid of $100 for the paintingc : something offered as a bid. 2 : an opportunity to bid It's your bid.
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TUG-OF-WAR • TUG-OF-WAR (noun) The noun TUG-OF-WAR has 2 senses: 1. any hard struggle between equally matched groups. 2. a contest in which teams pull of opposite ends of a rope; the team dragged across a central line loses. Familiarity information: TUG-OF-WAR used as a noun is rare.
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Price Fixing, Bid Rigging And Market Allocation Schemes Most criminal antitrust prosecutions involve price fixing, bid rigging, or market division or allocation schemes. Each of these forms of collusion may be prosecuted criminally if they occurred, at least in part, within the past five years.
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- You are at: Reverse - While partnership agreements vary, a widely accepted meaning of the reverse bid refers to a player's rebid of a higher ranking suit than their bid at the prior bidding level.
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- Also called contract bridge. a variety of bridge in which the side that wins the bid can earn toward game only that number of tricks named in the contract, additional points being credited above the line. Compare auction bridge.
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- Here are the best explanations I've heard before -. Forward bidding: A standard auctions format where bidding starts at the minimum price acceptable to the seller and increases with every new bid by a fixed increment. Every bidder knows what price is being bid and the highest price bid acceptable to the seller wins.
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What is a bidding war between publishers? The author's agent sends their book out to the publishers. Usually either no one is interested, or only one publisher is interested. If only one publisher is interested, they make a low-ball offer (e.g. offer a small advance). The agent and author don't have much choice but to accept as it's the only offer.
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- Introduction. A+B bidding is a method of rewarding a contractor for completing a project as quickly as possible. By providing a cost for each working day, the contract combines the cost to perform the work (A component) with the cost of the impact to the public (B component) to provide the lowest cost to the public. A+B bidding is a cost-plus-time bidding procedure.
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What is a 'Sealed-Bid Auction' Sealed-Bid Auction. What is a 'Sealed-Bid Auction'. A sealed-bid auction is a type of auction process in which all bidders simultaneously submit sealed bids to the auctioneer, so that no bidder knows how much the other auction participants have bid. The highest bidder is usually declared the winner of the bidding process.
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- 1 a public sale of goods or property, esp one in which prospective purchasers bid against each other until the highest price is reached. 2  the competitive calls made in bridge and other games before play begins, undertaking to win a given number of tricks if a certain suit is trumps.
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- A type of bidding solicitation in which a company or organization asks outside vendors to provide a cost quote for the completion of a particular project or program.
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Collusive Bidding Schemes Collusive Bidding Schemes. Collusive bidding refers to agreements by contractors or suppliers in a particular trade or area to cooperate to defeat the competitive bidding process in order to inflate prices to artificially high levels. It can occur in large and small contracts.
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Auction An American auctioneer at a livestock auction, November 2010. An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. The open ascending price auction is arguably the most common form of auction in use today.
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Auction glossary The sale of a property at a price agreed by the seller and the buyer or their agents. Proxy bid. The auctioneers can undertake bidding on behalf of buyers unable to attend the auction in person. The buyers must contact the auction house prior to the auction to obtain an official, proxy bidding form.he offer to buy property at a specific price. Completion. On completion of the sale of the lot there is usually a defined time period from the auction to the completion date in which the sale must be finalised.
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- Absentee Bid - A bid on a specific lot left in advance of the auction with someone by a bidder who will not attend. Absolute Auction - See auction without reserve.. Appraisal - the act or process of estimating value. As Is - The first two words taught to new students in auction school.
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bidding bidding n 1 an order; command (often in the phrases do or follow the bidding of, at someone's bidding) 2 an invitation; summons 3 the act of making bids, as at an auction or in bridge 4 (Bridge, etc.) a group of bids considered collectively, esp. those made on a particular deal.
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What is 'Ask'? Dictionary of Financial Terms. The bid is the price a buyer is willing to pay for a security; the ask is the price for which a seller is willing to sell. Definitions of Financial Terms.