dutch auction
NounOpen English WordNet
Noun (1)
- a method of selling in which the price is reduced until a buyer is foundType of selling, merchandising
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Webster's Dictionary (1913)
Dutch auction
the public offer of property at a price beyond its value, then gradually lowering the price, till some one accepts it as purchaser. Penny Cyclopædia
From the entry Auction.
Dutch auction
. See under Auction.
From the entry Dutch.
Webster’s Revised Unabridged Dictionary (1913), from GCIDE 0.54