Dutch-auction definition

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.
noun
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An auction in which an initially high offering price is lowered by increments until a buyer or, as in U.S. Treasury sales of securities, sufficient buyers are found.
noun
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An auction with one seller and many buyers in which the price is reduced from a high starting point until the bidders find a point that is attractive to enough buyers. This is the auction system that is used by the U.S. Department of the Treasury to sell its debt obligations.
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Attributive form of dutch auction, noun.

adjective
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Other Word Forms

Noun

Singular:
dutch-auction
Plural:
dutch-auctions