answersLogoWhite

0

A bid levy is a financial mechanism used in auction settings where a fee is imposed on bidders to participate in the bidding process. This levy can serve various purposes, such as covering administrative costs or discouraging frivolous bids. The amount of the levy can vary based on the auction's rules and structure, and it is typically deducted from the final bid amount if the bidder wins.

User Avatar

AnswerBot

2mo ago

What else can I help you with?