Knocked Down definition

Knocked Down when a Lot is sold to a bidder, indicated by the fall of the hammer at the Sale.

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Knocked Down or "Knock Down" means, with respect to any Property put up at the Auction, that Auctioneer has acknowledged the Winning Bid with the Fall of the Hammer, or by announcing "sold", or by giving a similar such indication. Property may be Knocked Down electronically at the conclusion of a timed online auction event. (Also, "Struck Off" or "Strikes Off").

Knocked Down when a Lot is sold to a bidder, indicated by the fall of the hammer at the Sale. “lien”: a right for the person who has possession of the Lot to retain possession of it.

Examples of Knocked Down in a sentence

• The Hammer Price for each item of the Consigned Property Knocked Down at an Absolute Auction establishes the fair market value thereof (with the exception of appliances).

• For the Consigned Property Knocked Down at Absolute Auction(s), AUCTION COMPANY shall receive, separate and apart from Buyer’s Premium, an amount equal to twenty percent (20%).

• For appliances separately consigned to AUCTION COMPANY and Knocked Down at an Absolute Auction(s), or auctioned with assigned “Starting Bids,” AUCTION COMPANY shall receive, separate and apart from Buyer’s Premium, an amount up to or equal to ten percent (10%) determined before shipment for all Consigned Appliances of the Hammer Price (“Commission”).

• Furthermore, this means that (i) there shall be no minimum price AUCTION COMPANY must obtain before an item is Knocked Down, (ii) CRS gives up the ability to decline bids below a specified price, and (iii) CRS must accept the highest bid for each item of the Consigned Property for which a bid is received, even if such bid is less than desired or anticipated.

More Definitions of Knocked Down

Knocked Down or "Knock Down" means that Auctioneer has acknowledged the Winning Bid on Real Property with the Fall of the Hammer, or by announcing "sold", or by giving a similar such indication. Property may be Knocked Down electronically at the conclusion of a timed online auction event. (See "Struck Off" or "Strikes Off").

Knocked Down means a complete End User Terminal product in the form of

Knocked Down. (KD) means that an article must be taken apart, folded, or telescoped in such a manner as to reduce its bulk at least 33 1/3% from its normal shipping cubage when set up or assembled. The Term “Knocked Down Flat” (KDF) means that an article must be taken apart, folded or telescoped in such a manner as to reduce its bulk at least 66 2/3% from its normal shipping cubage when up or assembled. The term “Less-Than-Truckload” or “LTL” indicated the application of a rate or other provision, on a quantity of freight comprising less than a specific truckload minimum quantity. Means participating Motor Carrier named in these Tariff Rules.

Knocked Down means a complete End User Terminal product in the form of complete knocked down or semi-knocked down kits of parts, including complete and substantially complete kits of parts, where such kit of part or knocked down product is always a complete and ready to use End User Terminal.

Knocked Down configuration – Prefab 4208 Premises/Accommodation 08/08/2002 Item 4,600.00 With one A/C and container for packing sea Office/Living 26 sq.m. “Knocked down” with double glazed windows based on houses of 3 modules 4208 Premises/Accommodation 08/08/2002 Item 3,700.00 With one A/C (not split A/C) and Container for packing Office/Living 26 sq.m. “Knocked down” with double glazed windows based on houses of 6 modules 4208 Premises/Accommodation 08/08/2002 Item 3,650.00 With one A/C (not split A/C) and container for packing Office/Living “flat-packed containers, 20ft 4208 Premises/Accommodation 08/08/2002 Item 3,820.00 With one furniture package and one A/C unit APPENDIX 2 TO ANNEX F 2003 STANDARD RATIOS MANUAL EXTRACT Object of Expenditure Other EDP requirements - File server LAN networking components UPS, 600 VA UPS, 2000 VA ID card system Administrative systems Computer software license Lotus Notes PC Workshop Generators

Knocked Down or "Knock Down" means, with respect to any Property put up at the Auction, that Auction Clerk has acknowledged the Winning Bid with the Fall of the Hammer, or by announcing "sold", or

Knocked Down or “Knock Down” means, with respect to the Property put up at the Auction, that Auctioneer has acknowledged the Winning Bid with the Fall of the Hammer, or by announcing “sold”, or by giving a similar such indication. (Also, “Struck Off” or “Strikes Off”).