Dutch auction

Dutch auction
Auction Auc"tion, n. [L. auctio an increasing, a public sale, where the price was called out, and the article to be sold was adjudged to the last increaser of the price, or the highest bidder, fr. L. augere, auctum, to increase. See {Augment}.] 1. A public sale of property to the highest bidder, esp. by a person licensed and authorized for the purpose; a vendue. [1913 Webster]

2. The things sold by auction or put up to auction. [1913 Webster]

Ask you why Phryne the whole auction buys ? --Pope. [1913 Webster]

Note: In the United States, the more prevalent expression has been ``sales at auction,'' that is, by an increase of bids (Lat. auctione). This latter form is preferable. [1913 Webster]

{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. --P. Cyc. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Dutch auction — 1957 in Germany to sell fruits A Dutch auction is a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer s price, or a predetermined reserve price (the… …   Wikipedia

  • Dutch auction — Auction in which the lowest price necessary to sell the entire offering becomes the price at which all securities offered are sold. This technique has been used in Treasury auctions. The New York Times Financial Glossary auction in which the… …   Financial and business terms

  • Dutch auction — Dutch Dutch, a. [D. duitsch German; or G. deutsch, orig., popular, national, OD. dietsc, MHG. diutsch, tiutsch, OHG. diutisk, fr. diot, diota, a people, a nation; akin to AS. pe[ o]d, OS. thiod, thioda, Goth. piuda; cf. Lith. tauta land, OIr.… …   The Collaborative International Dictionary of English

  • Dutch auction — USA Dutch auction, Also known as descending price auction. A type of offering which uses a bidding process to find an optimal market price for a security, the lowest price at which an issuing company can sell all the available securities. In a… …   Law dictionary

  • dutch auction — If something is sold by setting a price, then reducing it until someone buys it, it is sold in a Dutch auction. It can also mean that something is changed until it is accepted by everyone …   The small dictionary of idiomes

  • Dutch auction — n. 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 …   English World dictionary

  • Dutch auction — n [U and C] a public sale at which the price of something is gradually reduced until someone will pay it …   Dictionary of contemporary English

  • Dutch auction — noun count a sale in which the price of something gradually goes down until someone agrees to buy it …   Usage of the words and phrases in modern English

  • Dutch auction — ► NOUN ▪ a method of selling in which the price is reduced until a buyer is found …   English terms dictionary

  • Dutch Auction — 1. A public offering auction structure in which the price of the offering is set after taking in all bids and determining the highest price at which the total offering can be sold. In this type of auction, investors place a bid for the amount… …   Investment dictionary

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