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Topical Terminology > Quantity



1 Definition

Quantity

For Quantity we have a term and definition in Auction.



Quantity (Auction)

For Multiple-Lot auctions, Bidders are given the option to bid on one or more units, and can specify if they will accept a lesser (partial) quantity. If you check "Yes," you will get as many units as available. If you say "no" (leave it unchecked) you are telling the system, "I want all or nothing." If you are outbid on one or more of the available quantity, your entire offer will be outbid.


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