Auction Terminology

ABSENTEE BID (AKA PROXY BID)
ABSENTEE BIDDER
ABSOLUTE AUCTION
AGENT
AGREEMENT OF SALE
AS IS
AUCTION BLOCK
BALLROOM AUCTION
BID
BID ASSISTANTS
BIDDER’S KIT
BIDDER NUMBER
BIDDER’S CHOICE (BUYER’S CHOICE)
BID INCREMENT
BROKER
BROKER PARTICIPATION
BUYER’S PREMIUM
CATALOG
CURRENT BID
FINDER'S FEE
INSPECTION
LOT
MARKET VALUE
MAXIMIUM BID
MINIMUM BID
MULTI-PROPERTY AUCTION
MULTI-SELLER AUCTION
NEXT ALLOWABLE BID
ONLINE AUCTION
OPENING BID
REGISTRATION
RESERVE PRICE
SEALED BID SALE
SETTLEMENT
SUBJECT TO CONFIRMATION
TERMS & CONDITIONS
TITLE
UNIT
WEBCAST AUCTION