Auctions

n. public sale where items are sold to the highest bidder

v. sell at an auction (public sale in which items are sold to the highest bidder)

An auction is the process of buying and selling goods by offering them up for bid, taking bids, and then selling the item to the winning bidder. In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price. Auctioning can be traced as far back as 500 B.C. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price.
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Noun
1. a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge
(synonym) auction bridge
(hypernym) bridge
2. the public sale of something to the highest bidder
(synonym) auction sale, vendue
(hypernym) sale
(derivation) auction off, auctioneer
(class) upset price
Verb
1. sell at an auction
(synonym) auction off, auctioneer
(hypernym) sell
(derivation) auction sale, vendue
(classification) commerce, commercialism, mercantilism

Auctions
(Econ) Đấu giá.+ Một kiểu thị trường trong đó người mua tiềm tàng đặt giá cho hàng hoá chứ không phải đơn thuần trả theo.
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