Competitive Bidding - Law Dictionary Search Results
Competitive bidding
Matched in: Term Competitive bidding
Knock-out
Knock-out. The arrangement made between persons attending an auction to refrain from bidding in competition one with the other on the sale of certain articles and for the subsequent private sale among themselves
recognized market
a market in which a secured party sells collateral upon a debtor's default, which does not rely on competitive bidding or haggling, and in which prices are stated publicly and presumed to be commercially reasonable NOTE: Under the
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