answersLogoWhite

0

The term reverse bidding refers to the concept where the role of the buyers and sellers of a typical auction is reversed. So sellers bid at lower and lower prices to acquire buyers.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What is the medical term meaning to reverse a vasectomy?

Vasoplasty is the medical term meaning repair of the vas deferens, and is used to reverse a vasectomy.


In an Internet Bidding Platform what is a reverse auction bidding type?

See www.yellowbids.com


What is the tariff based competitive Bidding?

Tamil Nadu will select developers through Tariff based reverse / competitive bidding.


What is a reverse in bridge and how does it impact bidding strategies in the game?

In bridge, a reverse is a bid that shows a stronger hand than previously indicated. It typically involves bidding a higher-ranking suit after bidding a lower-ranking suit. This impacts bidding strategies by providing more information to your partner about the strength and distribution of your hand, allowing for more accurate decision-making in the bidding process.


What is a bidding box?

A bidding box is a term used in bridge for a box holding cards with calls printed on them, allowing a player to bid without speaking.


What is the medical term meaning reverse flow of blood through the mitral or tricuspid valves?

Mitral regurgitation or tricuspid regurgitation is the medical term meaning backflow of blood through the mitral or tricuspid valves, respectively.


What is a reverse bid in the game of bridge?

Reverse bidding in bridge is a second bid, usually done by the opener at a two level or higher in a higher- ranking suit than the original bid. It's important to recognize a reverse when your partners does one.


In duplicate bridge, how do reverse bids impact bidding strategies and partnerships' decision-making processes during a game?

Reverse bids in duplicate bridge can impact bidding strategies and partnerships' decision-making processes by indicating a stronger hand than originally suggested. This can lead to more aggressive bidding and potentially higher contract levels, as players adjust their tactics based on the new information provided by the reverse bid. This can also help partners better understand each other's hands and coordinate their play more effectively during the game.


Is there such a thing as a reverse dictionary?

Yes. In a reverse dictionary, words are listed according to their meaning.


What does it mean in a car auction reserve off?

No reserve means the seller will accept what ever the highest bid is. If an owner started the bidding with a reserve price (meaning minimum amount to sell at auction) and the owner, at some point during the bidding, asks to have the reserve removed (will then take highest bid) the term Reserve Off is used to say that now the car will go to the highest bidder.


What does man's bidding or somebody's bidding mean?

A "bid" is a request or an order. To do a man's bidding is to perform his command.


What is the meaning of sayonara in rizal's message to o sei san?

Sayonara means Goodbye. He bade goodbye for he knows that he will never ever see again O-Sei-San.