Topical Terminology > Minimum Bid Auction
1 Definition
Minimum Bid Auction
For Minimum Bid Auction we have a term and definition in Real Estate Auction.
Minimum Bid Auction (Real Estate Auction) 
An auction in which the auctioneer will accept bids at or above a disclosed price. The minimum price is always stated in the brochure and advertisements and is announced at the auctions.
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