Top definition
Geoff: I'll pay you £5!
Fil: I'll pay you £20!
Mitch: Fair enough, Fil wins this Dutch Auction, when do we start?
Fil: I'll pay you £20!
Mitch: Fair enough, Fil wins this Dutch Auction, when do we start?
by kdsjfksdd June 27, 2011
Apr 27 Word of the Day
A horoscope so bad that it strikes fear into the heart of the reader, rendering them unable take action or make a decision on anything or to even leave the house. This is caused by a paralyzing fear that those actions or decisions may cause the predictions to come true.
After reading "There is a lot of uncertainty around financial transactions and investments right now, and the wrong decision could result in dire consequences" in his daily Horrorscope, Edward climbed back into bed, pulled the sheets over his head and remained there for the rest of the day.
Edward only had enough gas in his car to get to the gas station but was not sure if he had enough money in his account to pay for gas. His cell phone service had been cut off because his payments were in arrears, and since the only way he could be sure he had enough money (to pay for gas) would be to call the bank, he felt it best to hide in bed and hope his horoscope for tomorrow was more positive.
Edward only had enough gas in his car to get to the gas station but was not sure if he had enough money in his account to pay for gas. His cell phone service had been cut off because his payments were in arrears, and since the only way he could be sure he had enough money (to pay for gas) would be to call the bank, he felt it best to hide in bed and hope his horoscope for tomorrow was more positive.
by Edward Albee Deavers April 28, 2011
2
A reverse auction in which goods begins at a high asking price but are then offered at progressively lower prices until a bidder is found. A practice used on eBay.
by Bill the Cat May 14, 2008
3
n. (1) An auction having several of the same item up for bid at once, with a minimum bid. Bidding starts with people offering a fixed price at or above the minimum for a certain number of, or all of, the items available. Highest offered price wins, regardless of how many items were bid on by that bidder, and winners then descend by final offered price.
A feature unique to this style of auction is that, if a lower-bidding participant bid for x items, but due to higher-bidding winners could only buy fewer than x, he has the right to back out and purchase none at all.
(2) a form of auction similar to the above, once but no longer held on eBay, in which the same rules were generally followed, with rules for bid times and final winning prices calculated slightly differently.
A feature unique to this style of auction is that, if a lower-bidding participant bid for x items, but due to higher-bidding winners could only buy fewer than x, he has the right to back out and purchase none at all.
(2) a form of auction similar to the above, once but no longer held on eBay, in which the same rules were generally followed, with rules for bid times and final winning prices calculated slightly differently.
They had ten signed NFL footballs up at the stadium that they were dutch auctioning off for charity- one guy got 5, one got 2, and I got 3 and paid the least!
by Lt. Commander Data February 20, 2011