from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun An auction in which an item is initially offered at a high price that is progressively lowered until a bid is made and the item sold.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun an
auctionwhere many of the same item are sold.
- noun a reverse auction that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a method of selling in which the price is reduced until a buyer is found
Sorry, no etymologies found.
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