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What (who) is price bid - definition
First-price Auction; Sealed first-price auction; First-price sealed-bid auctions; First-price auction; First price auction; Blind auction
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bid price
STOCK MARKET
Bid (finance); Bidding war
The bid price of a particular stock or share is the price that investors are willing to pay for it. (BUSINESS)
Speculation centred on a likely bid price of 380p a share.
N-COUNT
First-price sealed-bid auction
A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction.
price tag
LABEL DECLARING THE PRICE OF AN ITEM FOR SALE
Price tagging; Pricetags; Price label
also price-tag
(price tags)
1.
If something has a price tag of a particular amount, that is the amount that you must pay in order to buy it. (WRITTEN)
The price tag on the 34-room white Regency mansion is ?17.5 million.
N-COUNT
2.
In a shop, the price tag on an article for sale is a small piece of card or paper which is attached to the article and which has the price written on it.
N-COUNT
Wikipedia
First-price sealed-bid auction
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A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted.: p2
Examples of use of price bid
1. The total price bid for items from the collection of the late Albin Schram was $7,730,128, double the pre–sale estimate, Christie‘s said.
2. The Istanbul Stock Exchange experienced a push upward with excitement over the high price bid by Turkish company Koc Holding for shares in petrol giantTupras yesterday.