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Dutch auction

Word family
Related topics: Trade
ˌDutch ˈauction noun [countableC, uncountableU]  
BBTa public sale at which the price of something is gradually reduced until someone will pay it 荷兰式拍卖,降价式拍卖〔逐渐降价直到有人购买为止〕
From Longman Business Dictionary
Dutch auctionˈDutch ˌauctionCOMMERCE
1an auction at which the price of something is gradually reduced until someone buys it
2a system sometimes used in the US when a company buys back its shares or bonds. It sets a price range, and holders of the shares or bonds give a price at which they are willing to sell. The buyer then chooses a price and buys from holders who offered to sell at that price or lower
3a system for selling a number of similar items
auction
ˌDutch ˈauction noun
Chinese
Syllable

See also: Dutch auction


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