Absolute auction definition

Absolute auction means an auction of real or personal property to which all of the following apply:
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Absolute auction means an auction where at the time of the auction sale the real or personal property to be sold will pass to the highest bidder regardless of the amount of the highest and last bid.
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Absolute auction means the sale of real or personal property at auction whereby every item offered from the block is sold to the highest bidder without reserve and without the requirements of a minimum bid or other conditions which limit the sale other than to the highest bidder.
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Examples of Absolute auction in a sentence

  • If Reserve, the seller may accept or reject the high bid; provided, however, that if a bid exceeds the predetermined reserve, the auction becomes an Absolute auction and the property will be sold to the high bidder acknowledged by Century.

  • Therefore, the following hypothesis is proposed.Closing Auction Hypothesis 3 Absolute auction returns will increase (decrease) after an increase (decrease) in tick size.Finally, we will address limit order book stability and trading activity.

  • If Reserve, the seller may accept or reject the high bid; provided, however, that if a bidexceeds the predetermined reserve, the auction becomes an Absolute auction and the property will be sold to the high bidder.

  • Absolute auction – Owner will enter into contract with the highest bidder utilizing the California Association of Realtor Residential Purchase Agreement.

  • If Reserve, the seller may accept or reject the high bid; provided, however, that if a bid exceeds th e predetermined reserve, the auction becomes an Absolute auction, and the property will be sold to the high bidder acknowledged by Century.


More Definitions of Absolute auction

Absolute auction means the sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve, without the requirement of any minimum bid, and without competing bids of any type by the owner, or agent of the owner, of the property.
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Absolute auction means an auction of real or 35
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Absolute auction means an auction in which:
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Absolute auction or “Absolute” means that Property is sold to the highest bidder regardless of the amount of the final bid, with no limiting conditions, restrictions, or reservations. This type of auction is also known as an Unreserved Auction. Provided that a bid is received within a reasonable time after bidding opens on a Property, the Property will be sold to the highest bidder regardless of the final bid amount. A Property exposed for sale at Absolute Auction may be withdrawn by LAG if a bid is not received within a reasonable time after bidding opens on the Property. UNLESS SPECIFICALLY AND EXPRESSLY STATED BY LAG IN WRITING, ALL LOTS ARE BEING EXPOSED FOR SALE AT ABSOLUTE AUCTION OR WITHOUT RESERVE.
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Absolute auction or "Absolute" applies only if and when expressly indicated and means an auction at which property is sold to the highest bidder regardless of the amount of the final bid, with no limiting conditions, restrictions, or reservations. This type of auction is also known as an auction Without Reserve. Once the bidding begins, property that is expressly offered for sale at an Absolute Auction will be sold to the highest bidder regardless of the final bid amount. NO AUCTION CONDUCTED BY AUCTIONEER IS ABSOLUTE OR WITHOUT RESERVE, AND NO PROPERTY IS OFFERED ABSOLUTE OR WITHOUT RESERVE, UNLESS SPECIFICALLY AND EXPRESSLY STATED BY AUCTIONEER IN WRITING.
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Absolute auction means an auction where real or personal property is sold to the highest qualified
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Absolute auction means an auction that re- quires no minimum opening bid that limits the sale other than to the highest bidder.
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