For Online Auctions we have a term and definition in Auction.

Also called "Featured" Online auctions. These are traditional auction events for DoveBid's corporate clients, except the bidding takes place entirely online. Here, sellers can combine DoveBid's breadth of experience and level of service with buyer conveniences like 24x7 bidding at the website or via email, a fixed bidding duration, and asset inspections at the seller's location.
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