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English auction [1 record]

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Record 1 2012-05-07

English

Subject field(s)
  • Sales (Marketing)
  • Law of Contracts (common law)
CONT

An English auction is probably the most common type of auction. In this auction the auctioneer starts the bidding with an opening bid. Potential buyers then bid the price up until only one buyer is left who is willing to pay the high price. The buyer who bids the highest wins the auction.

French

Domaine(s)
  • Vente
  • Droit des contrats (common law)
OBS

Le prix est successivement augmenté jusqu'à ce qu'il ne reste qu'un seul enchérisseur. [Les enchères anglaises] ont pour caractéristique essentielle qu'à n'importe quel moment chaque enchérisseur connaît le [montant] de la meilleure offre présentée.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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