from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. an auction where many of the same item are sold.
- n. a reverse auction that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy
from the GNU version of the Collaborative International Dictionary of English
- adj. See under Auction.
- n. the public offer of property at a price beyond its value, then gradually lowering the price, till some one accepts it as purchaser.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a method of selling in which the price is reduced until a buyer is found
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