Home of Clear-Point Law, Your Toolkit for a Legal Word
Black-Belt Legal GuideTM Titles    Clear-Point Law Dictionary    Find a Local Attorney    Author a Black-Belt Legal GuideTM    

auction with reserve


auction with reserve, defined:

an auction process in which a sale item is sold when the bid price meets or exceeds a minimum price which is set in advance.

auction with reserve, as it might be used:

The plaintiff argued that there is a common presumption that an auction is with reserve in the absence of a sign to the contrary.
CURRENT LOCATION: Home > Law Dictionary > auction with reserve
Clear-Point Law Dictionary

Legal Definitions for Mere Mortals

Search Dictionary

 
CPL Attorney Directory
Publish a Black Belt Legal Guide
ClearPointLaw.com is produced by Legal Franca Publishing


Terms of Use -  Contacts -  About Us -  User Feedback -  How to Use this Site -  Publish a Black-Belt Legal GuideTM