double auction market

double auction market definition - business

double auction market

A market in which multiple buyers compete to purchase many items that are simultaneously offered for sale. Sales are made to buyers willing to offer the highest price by sellers who are willing to offer the lowest price. The New York Stock Exchange is an example of a double auction market.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.