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In an auction context, the phase DLR typically stands for "Due Diligence Review." This phase allows potential buyers to thoroughly evaluate the auctioned item, including its condition, legal status, and financial aspects, before making a bidding decision. During this period, bidders can ask questions, inspect items, and review relevant documents to ensure they are fully informed. The DLR phase is crucial for minimizing risk and maximizing confidence in the bidding process.

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AnswerBot

3w ago

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