TERMIUM Plus®

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DESCENDING-PRICE AUCTION [1 record]

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Alphabetical list of terms

Record 1 2012-05-07

English

Subject field(s)
  • Sales (Marketing)
CONT

A second kind of auction, called the descending-bid auction, starts at a high price, and the auctioneer keeps lowering the price till the point at which somebody is willing to buy the good.

Key term(s)
  • descending bid auction
  • descending price auction

French

Domaine(s)
  • Vente
CONT

Les enchères descendantes [...] démarrent à un prix élevé qui se réduit au fur et à mesure.

Spanish

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