reverse Dutch auction

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reverse Dutch auction definition - finance
An auction that has one buyer and many sellers; the auctioneer raises the price from a low starting point until a bidder agrees to sell at the stated price. For example, a reverse Dutch auction could be used to find someone willing to delay travel plans on an overbooked flight. The airline raises the compensatory price until someone raises his or her hand and ends the auction. A passenger unwilling to give up his or her seat for $50 may be more likely to relinquish it for $100, $200, or higher. See Dutch auction.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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"reverse Dutch auction." Webster's New World Finance and Investment Dictionary. 2009

  • Your Dictionary. 5 July 2009
  • <www.yourdictionary.com/finance/reverse-dutch-auction>

APA Style

reverse Dutch auction. (2009). In Webster's New World Finance and Investment Dictionary

  • Retrieved July 5th, 2009, from www.yourdictionary.com/finance/reverse-dutch-auction

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