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.
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.
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.
Attributive form of dutch auction, noun.
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