dutch auction

Definitions

  • WordNet 3.6
    • n dutch auction a method of selling in which the price is reduced until a buyer is found
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Webster's Revised Unabridged Dictionary
    • Dutch auction See under Auction.
    • Dutch auction the public offer of property at a price beyond its value, then gradually lowering the price, till some one accepts it as purchaser.
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Chambers's Twentieth Century Dictionary
    • Dutch auction a kind of mock auction at which the salesman starts at a high price, and comes down till he meets a bidder
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Idioms

Dutch auction - If something is sold by setting a price, then reducing it until someone buys it, it is sold in a Dutch auction. It can also mean that something is changed until it is accepted by everyone.
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Etymology

Chambers's Twentieth Century Dictionary
L. auction-em, an increasing—augēre, auctum, to increase.

Usage

In literature:

Here and there meat was being sold by Dutch auction, a brisk business.
"Thyrza" by George Gissing
And that would be very pernicious to the COFFEE AUCTIONS OF THE DUTCH TRADING COMPANY!
"Library of the World's Best Literature, Ancient and Modern — Volume 11" by Various
Almost every evening, just now, Mrs Widger goes off to a Dutch auction of hardware and trinkets at the Market House.
"A Poor Man's House" by Stephen Sydney Reynolds
It sells fast, like goods at a Dutch auction.
"The Strollers" by Frederic S. Isham
After dinner a sort of Dutch auction was held.
"A Century of Sail and Steam on the Niagara River" by Barlow Cumberland
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In news:

SurModics Plans to Launch Modified Dutch Auction Tender Offer to Purchase up to $55 Million of Its Common Stock .
SurModics Plans to Launch Modified Dutch Auction Tender Offer to Purchase up to $55 Million of Its Common Stock.
The hottest tech IPO in years will be run as a " Dutch Auction ".
Can the US pull off the biggest Dutch auction in history.
Can the Treasury actually pull off the biggest Dutch auction in history.
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