Topical Terminology > Absolute Sale
1 Definition
Absolute Sale
For Absolute Sale we have a term and definition in Auction.
Absolute Sale (Auction) 
The term "absolute" means the item is ready to be sold now to the highest bidder. An item offered with no Reserve Price or a reserve that has been met or exceeded, becomes an Absolute Sale because the Seller is now contractually obligated to sell the item to the highest bidder.
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