Topical Terminology > Single Lot Auction Format
1 Definition
Single Lot Auction Format
For Single Lot Auction Format we have a term and definition in Auction.
Single Lot Auction Format (Auction) 
This auction format is used when Sellers want to sell one unit or one Lot for one price to one Bidder. The lot may include multiple assets sold as one unit or may be one solitary item. The Duration is determined by the Seller.
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