Definition of Vendor bid

1. Noun. (finance) A type of bid at an auction which is made by the auctioneer on behalf of the vendor. This is used as a tactic to keep the bids moving, or to persuade buyers to pay more, or merely to have a higher price to report if the property is passed in (it's not that the vendor wants to buy what he or she is in fact selling). Such a bid is in essence a fiction, but so long as it's clearly announced genuine bidders can know what's going on. When that's not so it approaches the deliberate deception of a dummy bid. ¹



¹ Source: wiktionary.com

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Lexicographical Neighbors of Vendor Bid

vending
vending machine
vending machines
vendis
vendises
vendiss
vendisses
venditate
venditation
venditations
vendition
venditions
vendor
vendor agnostic
vendor agnostics
vendor bid (current term)
vendors
vends
vendue
vendues
vene-
venectasia
venectomy
veneer
veneered
veneerer
veneerers
veneering
veneerings
veneerist

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